TD Asset Management Inc Sells 5,029 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• TD Asset Management Inc has reduced its stake in The Estee Lauder Companies Inc. by 5.7%, now holding 83,733 shares valued at approximately $5.53 million.
• Multiple institutional investors have increased their positions in Estee Lauder, with notable growth from Winthrop Capital Management LLC by 2,240% and Templeton & Phillips Capital Management LLC by 97.3% during the first quarter.
• Analysts have varying ratings on the stock, with HSBC upgrading it from "hold" to "buy" and raising the price target to $99.00, while B. Riley has downgraded its target to $60.00.

TD Asset Management Inc lowered its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,733 shares of the company's stock after selling 5,029 shares during the period. TD Asset Management Inc's holdings in Estee Lauder Companies were worth $5,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EL. Winthrop Capital Management LLC lifted its holdings in shares of 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 lifted its holdings in shares of 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 lifted its holdings in shares of 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 lifted its holdings in shares of 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. lifted its holdings in shares of 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. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Stock Performance

EL traded up $1.48 during midday trading on Monday, hitting $92.52. 3,004,731 shares of the company traded hands, compared to its average volume of 3,812,233. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $33.28 billion, a PE ratio of -38.23, a price-to-earnings-growth ratio of 6.50 and a beta of 1.18. The company's 50-day moving average is $80.01 and its 200 day moving average is $71.08. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44.

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

Analysts Set New Price Targets

EL has been the subject of a number of recent analyst reports. B. Riley reiterated a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $62.00 to $101.00 in a research report on Friday, July 25th. Piper Sandler reissued an "overweight" rating and set a $75.00 price objective (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Finally, Barclays boosted their price objective 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. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Company 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.