The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Assetmark Inc.

Key Points

• Assetmark Inc. has significantly reduced its holdings in The Estee Lauder Companies by 89.9%, owning only 3,864 shares after selling 34,205 shares in the first quarter.
• Estee Lauder reported earnings of $0.65 per share for the last quarter, surpassing analysts' estimates of $0.29, but saw a 9.9% decline in revenue compared to the previous year.
• Analysts have a mixed outlook on Estee Lauder, with thirteen rating the stock as a "hold" and a consensus target price of $84.50, reflecting varied expectations for its future performance.

Assetmark Inc. lessened its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 89.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,864 shares of the company's stock after selling 34,205 shares during the quarter. Assetmark Inc.'s holdings in Estee Lauder Companies were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Winthrop Capital Management LLC raised its stake in shares of Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after purchasing an additional 560 shares during the last quarter. Golden State Wealth Management LLC raised its position in Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. CVA Family Office LLC raised its position in Estee Lauder Companies by 116.2% during the first 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 raised its position in Estee Lauder Companies by 41.0% during the first 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. raised its position in Estee Lauder Companies by 58.4% during the first 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 currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Stock Performance

Shares of NYSE:EL opened at $90.96 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The business's 50 day moving average price is $80.01 and its 200-day moving average price is $71.13. The firm 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 Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. As a group, equities research analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Citigroup lifted their price target on Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Barclays lifted their price target on 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. UBS Group lifted their price target on Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus reduced their price target on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. 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 stock. Based on data from MarketBeat.com, Estee Lauder Companies presently has an average rating of "Hold" and a consensus target price of $84.50.

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.

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