The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. has reduced its stake in The Estee Lauder Companies Inc. by 37.8% in the first quarter, now holding 11,888 shares valued at $785,000.
• Several institutional investors have increased their shares in Estee Lauder, with Winthrop Capital Management boosting its position by an impressive 2,240.0%.
• The stock currently has a consensus rating of "Hold" among analysts, with price targets varying significantly from $62.00 to $99.00.

Pacer Advisors Inc. cut its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 37.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,888 shares of the company's stock after selling 7,230 shares during the period. Pacer Advisors Inc.'s holdings in Estee Lauder Companies were worth $785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EL. Winthrop Capital Management LLC grew its holdings in Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after acquiring an additional 560 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares during the last quarter. CVA Family Office LLC grew its holdings in Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after acquiring an additional 359 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Estee Lauder Companies by 41.0% in the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after acquiring an additional 229 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Estee Lauder Companies by 58.4% in the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after acquiring an additional 334 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Price Performance

NYSE EL traded up $1.48 on Monday, hitting $92.52. The company had a trading volume of 2,678,241 shares, compared to its average volume of 4,179,649. The company has a market capitalization of $33.28 billion, a PE ratio of -38.23, a PEG ratio of 6.50 and a beta of 1.18. The company's fifty day moving average price is $80.01 and its 200-day moving average price is $71.08. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The firm's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $62.00 to $101.00 in a research note on Friday, July 25th. Citigroup lifted their target price on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Telsey Advisory Group reissued a "market perform" rating and set a $76.00 price target on shares of Estee Lauder Companies in a research report on Thursday, May 1st. Barclays lifted their price target on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Piper Sandler reissued an "overweight" rating and set a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.