Baader Bank Aktiengesellschaft Purchases 13,783 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Baader Bank Aktiengesellschaft significantly increased its holdings in Estee Lauder Companies by 469.0% during the first quarter, owning 16,722 shares worth approximately $1.1 million.
• Estee Lauder reported $0.65 earnings per share for its most recent quarter, outperforming analysts' expectations of $0.29, but experienced a 9.9% decline in year-over-year revenue.
• Institutional investors own 55.15% of Estee Lauder's stock, with multiple firms recently adjusting their ratings and price targets, indicating a mixed outlook for the company.

Baader Bank Aktiengesellschaft grew its position in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 469.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,722 shares of the company's stock after acquiring an additional 13,783 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Estee Lauder Companies were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in EL. FMR LLC increased its holdings in Estee Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after buying an additional 8,930,011 shares in the last quarter. Capital World Investors bought a new position in shares of Estee Lauder Companies during the 4th quarter valued at approximately $554,509,000. Invesco Ltd. grew its position in Estee Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after acquiring an additional 3,278,632 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in shares of Estee Lauder Companies by 45.5% during the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after purchasing an additional 2,458,379 shares during the last quarter. Finally, Charles Lim Capital Ltd increased its holdings in Estee Lauder Companies by 275.0% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the company's stock worth $56,235,000 after buying an additional 550,000 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EL has been the subject of several analyst reports. Barclays upped their price objective on Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their target price for the stock from $71.00 to $95.00 in a research note on Monday, June 23rd. Stifel Nicolaus dropped their price objective on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Wall Street Zen raised Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Citigroup raised their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Price Performance

Shares of NYSE:EL traded down $2.38 on Friday, reaching $90.96. 3,144,993 shares of the company traded hands, compared to its average volume of 3,654,953. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The company's 50 day moving average is $80.01 and its 200-day moving average is $71.15. The stock has a market capitalization of $32.72 billion, a PE ratio of -37.59, a P/E/G ratio of 6.50 and a beta of 1.18. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.

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

Estee Lauder Companies 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.