The Estee Lauder Companies Inc. (NYSE:EL) Shares Acquired by Prudential PLC

Key Points

• Prudential PLC increased its stake in Estee Lauder Companies by 101.8% in the first quarter, owning 13,932 shares valued at approximately $920,000.
• Wall Street analysts have varying perspectives, with Wells Fargo raising the price target to $90 and JPMorgan increasing it to $101, while the stock currently holds a consensus average rating of "Hold".
• Estee Lauder Companies has a market capitalization of $32.69 billion and its stock has fluctuated between a 52-week low of $48.37 and a high of $103.44.

Prudential PLC increased its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 101.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,932 shares of the company's stock after acquiring an additional 7,028 shares during the period. Prudential PLC's holdings in Estee Lauder Companies were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EL. Bank Pictet & Cie Europe AG grew its holdings in Estee Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after acquiring an additional 4,690 shares during the period. American Assets Inc. acquired a new stake in Estee Lauder Companies in the fourth quarter valued at approximately $487,000. Federated Hermes Inc. grew its holdings in Estee Lauder Companies by 25.8% in the fourth quarter. Federated Hermes Inc. now owns 1,345 shares of the company's stock valued at $101,000 after purchasing an additional 276 shares during the period. Advisory Services Network LLC grew its holdings in Estee Lauder Companies by 22.0% in the fourth quarter. Advisory Services Network LLC now owns 3,466 shares of the company's stock valued at $260,000 after purchasing an additional 624 shares during the period. Finally, Mariner LLC grew its holdings in Estee Lauder Companies by 88.0% in the fourth quarter. Mariner LLC now owns 103,168 shares of the company's stock valued at $7,735,000 after purchasing an additional 48,294 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Price Performance

NYSE:EL opened at $90.87 on Friday. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The stock's fifty day moving average is $84.79 and its two-hundred day moving average is $71.95. The company has a market capitalization of $32.69 billion, a P/E ratio of -37.55, a P/E/G ratio of 6.39 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Wall Street Analyst Weigh In

EL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Estee Lauder Companies from $95.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. raised Estee Lauder Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $62.00 to $101.00 in a research note on Friday, July 25th. Royal Bank Of Canada lowered their price target on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Evercore ISI lifted their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Thirteen equities 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $85.80.

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.

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