Assenagon Asset Management S.A. lifted its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 1,629.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 412,570 shares of the company's stock after buying an additional 388,711 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of Estee Lauder Companies worth $32,572,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EL. REAP Financial Group LLC purchased a new stake in Estee Lauder Companies in the 4th quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Estee Lauder Companies during the 4th quarter valued at approximately $27,000. Kozak & Associates Inc. acquired a new position in shares of Estee Lauder Companies in the 2nd quarter valued at $30,000. Flagship Harbor Advisors LLC acquired a new position in shares of Estee Lauder Companies in the 4th quarter valued at $32,000. Finally, N.E.W. Advisory Services LLC lifted its stake in shares of Estee Lauder Companies by 39.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company's stock valued at $34,000 after purchasing an additional 91 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies Stock Performance
NYSE:EL opened at $88.34 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The stock has a market capitalization of $31.96 billion, a PE ratio of -126.19, a P/E/G ratio of 0.69 and a beta of 1.25. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The company has a fifty day moving average of $83.83 and a two-hundred day moving average of $88.48.
Wall Street Analyst Weigh In
Several analysts recently commented on EL shares. Jefferies Financial Group raised their price target on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, July 28th. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. Weiss Ratings reissued a "sell (d)" rating on shares of Estee Lauder Companies in a research note on Friday, July 31st. Barclays raised their target price on Estee Lauder Companies from $75.00 to $80.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Citigroup lifted their price target on Estee Lauder Companies from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $96.95.
Check Out Our Latest Analysis on Estee Lauder Companies
Estee Lauder Companies Profile
(
Free Report)
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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