Natixis Advisors LLC Reduces Stock Holdings in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Natixis Advisors LLC has reduced its stake in The Estee Lauder Companies Inc. by 22.9%, now owning 30,491 shares valued at approximately $2,012,000.
• Several analysts have recently revised target prices for Estee Lauder stock, with Royal Bank of Canada decreasing it from $100 to $90 and Barclays raising it from $63 to $84.
• Currently, about 55.15% of Estee Lauder's stock is held by institutional investors, indicating significant interest from hedge funds in the company.

Natixis Advisors LLC lowered its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 22.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,491 shares of the company's stock after selling 9,047 shares during the quarter. Natixis Advisors LLC's holdings in Estee Lauder Companies were worth $2,012,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Estee Lauder Companies by 0.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock valued at $1,626,000 after acquiring an additional 171 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Estee Lauder Companies by 5.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock valued at $251,000 after acquiring an additional 185 shares in the last quarter. Utah Retirement Systems raised its stake in shares of Estee Lauder Companies by 0.5% in the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company's stock valued at $2,867,000 after acquiring an additional 200 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Estee Lauder Companies by 2.9% in the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after acquiring an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of Estee Lauder Companies by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 63,538 shares of the company's stock valued at $4,194,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Trading Down 1.6%

EL traded down $1.48 during midday trading on Monday, hitting $89.21. 2,820,879 shares of the company were exchanged, compared to its average volume of 4,126,643. The firm has a market capitalization of $32.09 billion, a P/E ratio of -36.86, a P/E/G ratio of 6.47 and a beta of 1.18. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $103.44. The firm's 50 day moving average price is $82.47 and its 200-day moving average price is $71.51. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Evercore ISI boosted their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Wall Street Zen raised Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their price target for the company from $80.00 to $99.00 in a research note on Friday, June 27th. Finally, Wells Fargo & Company boosted their price target on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Estee Lauder Companies has an average rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.