The Estee Lauder Companies Inc. (NYSE:EL) Position Increased by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. significantly increased its stake in Estee Lauder Companies by 17,492.2% in Q1, acquiring 236,615 shares valued at approximately $15.6 million.
• Multiple institutional investors have adjusted their holdings, with significant increases including Mather Group LLC. raising its position by 442.5% this quarter.
• Analysts have set a consensus price target of $84.50 for Estee Lauder Companies, with varying ratings from "hold" to "buy."

Federated Hermes Inc. boosted its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 17,492.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,615 shares of the company's stock after buying an additional 235,270 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of Estee Lauder Companies worth $15,617,000 as of its most recent SEC filing.

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

Estee Lauder Companies Price Performance

EL traded up $1.48 on Monday, reaching $92.52. The company had a trading volume of 3,004,731 shares, compared to its average volume of 3,812,233. The company has a fifty day moving average of $80.01 and a 200-day moving average of $71.08. The company has a market capitalization of $33.28 billion, a P/E ratio of -38.23, a PEG ratio of 6.50 and a beta of 1.18. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share 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 company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the firm posted $0.97 EPS. The business's revenue for the quarter was down 9.9% on a year-over-year basis. As a group, equities research analysts anticipate 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 analysts recently weighed in on EL shares. Wall Street Zen raised shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Royal Bank Of Canada reduced their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price objective for the company from $71.00 to $95.00 in a report on Monday, June 23rd. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 price objective on shares of Estee Lauder Companies in a report on Thursday, May 1st. Finally, Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $84.50.

About Estee Lauder Companies

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.