Ninety One SA PTY Ltd Purchases 5,623 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Ninety One SA PTY Ltd increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 36.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,113 shares of the company’s stock after acquiring an additional 5,623 shares during the period. Ninety One SA PTY Ltd’s holdings in Estée Lauder Companies were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC increased its holdings in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies during the third quarter worth about $31,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $50,000. Finally, Rakuten Securities Inc. boosted its position in shares of Estée Lauder Companies by 752.9% during the 3rd quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after acquiring an additional 512 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EL. The Goldman Sachs Group lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, October 16th. B. Riley cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. CICC Research initiated coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 price target on the stock. Finally, Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Thursday, October 31st. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $92.95.

Estée Lauder Companies Trading Down 16.2 %

EL opened at $69.40 on Wednesday. The business has a 50 day simple moving average of $77.29 and a two-hundred day simple moving average of $83.73. The firm has a market capitalization of $24.91 billion, a price-to-earnings ratio of 123.92, a PEG ratio of 5.89 and a beta of 1.03. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Analysts predict that The Estée Lauder Companies Inc. will post 1.5 EPS for the current year.

Insider Activity

In related news, Director Paul J. Fribourg acquired 77,500 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This represents a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.78% of the company’s stock.

Estée 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.