The Manufacturers Life Insurance Company Trims Stock Holdings in The Estee Lauder Companies Inc. $EL

The Manufacturers Life Insurance Company lowered its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 69.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,692 shares of the company’s stock after selling 291,370 shares during the period. The Manufacturers Life Insurance Company’s holdings in Estee Lauder Companies were worth $9,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EL. Covenant Asset Management LLC bought a new stake in shares of Estee Lauder Companies during the 4th quarter valued at $3,634,000. Aberdeen Group plc boosted its stake in Estee Lauder Companies by 13.4% in the 4th quarter. Aberdeen Group plc now owns 201,255 shares of the company’s stock worth $21,075,000 after purchasing an additional 23,717 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in Estee Lauder Companies in the 4th quarter worth about $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Estee Lauder Companies during the 4th quarter valued at about $19,438,000. Finally, WT Asset Management Ltd grew its holdings in Estee Lauder Companies by 60.6% during the 4th quarter. WT Asset Management Ltd now owns 53,000 shares of the company’s stock valued at $5,550,000 after buying an additional 20,000 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EL shares. Zacks Research downgraded shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. TD Cowen increased their target price on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Jefferies Financial Group raised their price target on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Citigroup boosted their price target on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein assumed coverage on shares of Estee Lauder Companies in a report on Friday, June 12th. They issued a “market perform” rating and a $82.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Estee Lauder Companies has a consensus rating of “Hold” and a consensus price target of $96.95.

Estee Lauder Companies Price Performance

EL opened at $84.71 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71. The stock has a market capitalization of $30.65 billion, a P/E ratio of -121.01, a PEG ratio of 0.65 and a beta of 1.25. The stock has a 50-day moving average price of $84.03 and a 200-day moving average price of $89.10. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.25. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.Estee Lauder Companies’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Equities analysts predict that The Estee Lauder Companies Inc. will post 2.41 earnings per share for the current fiscal year.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.