The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. significantly reduced its holdings in Estee Lauder Companies by 78.7%, now owning just 5,639 shares valued at approximately $372,000.
• Recent research reports indicate a mixed outlook for Estee Lauder Companies, with UBS Group raising its price target to $93 and Bank of America initiating coverage with a price target of $110, while other analysts have lowered targets.
• Estee Lauder's recent quarterly earnings report showed a 9.9% drop in revenue year-over-year, with earnings per share of $0.65, beating estimates but falling short of revenue expectations.

Mesirow Financial Investment Management Inc. lowered its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 78.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,639 shares of the company's stock after selling 20,883 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Estee Lauder Companies were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Bayforest Capital Ltd acquired a new stake in shares of Estee Lauder Companies during the 1st quarter worth about $1,606,000. XTX Topco Ltd acquired a new stake in shares of Estee Lauder Companies during the 1st quarter worth about $318,000. S&CO Inc. grew its stake in Estee Lauder Companies by 20.7% during the 1st quarter. S&CO Inc. now owns 66,914 shares of the company's stock worth $4,416,000 after buying an additional 11,490 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Estee Lauder Companies during the 1st quarter worth approximately $162,000. Finally, Federated Hermes Inc. grew its stake in Estee Lauder Companies by 17,492.2% during the 1st quarter. Federated Hermes Inc. now owns 236,615 shares of the company's stock worth $15,617,000 after buying an additional 235,270 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

EL has been the topic of a number of research reports. UBS Group raised their price target on Estee Lauder Companies from $62.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Bank of America initiated coverage on Estee Lauder Companies in a research note on Thursday, July 10th. They set a "buy" rating and a $110.00 price target on the stock. Canaccord Genuity Group dropped their price target on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, Royal Bank Of Canada dropped 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. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus price target of $84.50.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $93.40 on Friday. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44. The stock has a market cap of $33.60 billion, a PE ratio of -38.60, a P/E/G ratio of 6.63 and a beta of 1.17. The stock has a fifty day moving average price of $79.47 and a 200 day moving average price of $71.04. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released 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. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. Sell-side analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Company 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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