S&CO Inc. Acquires Shares of 70,764 The Estee Lauder Companies Inc. $EL

Key Points

• S&CO Inc. acquired 70,764 shares of Estée Lauder Companies in the second quarter, valued at approximately $5.6 million. Institutional investors collectively own 55.15% of the company.
• Estée Lauder shares opened at $86.05, down 1.5%, with a market capitalization of $31.13 billion and a 52-week trading range of $66.22 to $121.64.
• Analysts maintain a consensus “Hold” rating with an average price target of $96.95; individual targets recently ranged from $85 to $95.

S&CO Inc. bought a new position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 70,764 shares of the company's stock, valued at approximately $5,586,000.

Several other institutional investors have also made changes to their positions in EL. Covenant Asset Management LLC acquired a new stake in Estee Lauder Companies during the 4th quarter valued at $3,634,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter worth $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter worth $19,438,000. WT Asset Management Ltd grew its holdings in shares of Estee Lauder Companies by 60.6% during the fourth quarter. WT Asset Management Ltd now owns 53,000 shares of the company's stock valued at $5,550,000 after buying an additional 20,000 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Estee Lauder Companies by 14.6% during the first quarter. Pictet Asset Management Holding SA now owns 973,478 shares of the company's stock valued at $69,854,000 after buying an additional 124,079 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Trading Down 1.5%

NYSE EL opened at $86.05 on Friday. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $31.13 billion, a PE ratio of -122.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The firm's fifty day simple moving average is $84.20 and its 200-day simple moving average is $87.44.

Analyst Ratings Changes

Several research firms recently weighed in on EL. Piper Sandler initiated coverage on Estee Lauder Companies in a research report on Friday, May 15th. They set an "overweight" rating and a $95.00 price target on the stock. TD Cowen raised their price objective on Estee Lauder Companies from $85.00 to $90.00 and gave the stock a "hold" rating in a research report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on Estee Lauder Companies from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Jefferies Financial Group upped their target price on Estee Lauder Companies from $80.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, July 28th. Finally, Zacks Research lowered shares of Estee Lauder Companies from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $96.95.

Estee Lauder Companies Profile

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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