Plato Investment Management Ltd Acquires Shares of 9,194 The Estee Lauder Companies Inc. $EL

Plato Investment Management Ltd bought a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,194 shares of the company’s stock, valued at approximately $722,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of Estee Lauder Companies in the 4th quarter worth $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Estee Lauder Companies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. bought a new stake in Estee Lauder Companies in the second quarter valued at about $30,000. N.E.W. Advisory Services LLC increased its holdings in Estee Lauder Companies by 39.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares during the last quarter. Finally, DV Equities LLC acquired a new position in Estee Lauder Companies in the fourth quarter valued at about $36,000. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the topic of a number of recent analyst reports. Piper Sandler started coverage on Estee Lauder Companies in a report on Friday, May 15th. They set an “overweight” rating and a $95.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Friday, July 31st. UBS Group increased their price target on shares of Estee Lauder Companies from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Barclays lifted their price objective on shares of Estee Lauder Companies from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $111.00 target price on shares of Estee Lauder Companies in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $96.84.

Estee Lauder Companies Stock Up 0.0%

Estee Lauder Companies stock opened at $84.35 on Wednesday. The company has a market cap of $30.52 billion, a P/E ratio of -120.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The company has a fifty day simple moving average of $84.15 and a 200 day simple moving average of $86.79. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71.

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.