Cacti Asset Management LLC Grows Stake in The Estee Lauder Companies Inc. $EL

Cacti Asset Management LLC boosted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 16.4% in the second quarter, Holdings Channel reports. The institutional investor owned 131,333 shares of the company’s stock after acquiring an additional 18,490 shares during the period. Estee Lauder Companies accounts for 0.5% of Cacti Asset Management LLC’s holdings, making the stock its 27th biggest position. Cacti Asset Management LLC’s holdings in Estee Lauder Companies were worth $10,369,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new stake in Estee Lauder Companies during the 4th quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in Estee Lauder Companies in the 4th quarter worth about $27,000. Flagship Harbor Advisors LLC purchased a new position in Estee Lauder Companies during the fourth quarter valued at $32,000. N.E.W. Advisory Services LLC increased its position in shares of Estee Lauder Companies by 39.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in Estee Lauder Companies in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Trading Up 1.0%

NYSE EL opened at $84.71 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The firm has a market capitalization of $30.65 billion, a price-to-earnings ratio of -121.01, a PEG ratio of 0.65 and a beta of 1.25. The company’s 50 day moving average price is $84.03 and its 200 day moving average price is $89.10. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on EL. Zacks Research lowered Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Barclays upped their target price on shares of Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Canaccord Genuity Group upped their target price on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, May 4th. Sanford C. Bernstein assumed coverage on Estee Lauder Companies in a report on Friday, June 12th. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, Telsey Advisory Group reduced their price objective on Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, May 4th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $96.95.

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.