Flossbach Von Storch SE Increases Position in The Estee Lauder Companies Inc. $EL

Flossbach Von Storch SE boosted its position in The Estee Lauder Companies Inc. (NYSE:EL) by 194.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 175,000 shares of the company’s stock after buying an additional 115,613 shares during the period. Flossbach Von Storch SE’s holdings in Estee Lauder Companies were worth $15,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Estee Lauder Companies by 539.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,749 shares of the company’s stock worth $20,245,000 after acquiring an additional 193,833 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Estee Lauder Companies by 46.4% in the third quarter. Bank of New York Mellon Corp now owns 6,112,501 shares of the company’s stock worth $538,634,000 after buying an additional 1,937,107 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Estee Lauder Companies in the 3rd quarter worth about $201,000. Vanguard Personalized Indexing Management LLC raised its stake in Estee Lauder Companies by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,801 shares of the company’s stock valued at $2,186,000 after buying an additional 764 shares in the last quarter. Finally, LBP AM SA boosted its holdings in Estee Lauder Companies by 12.2% in the third quarter. LBP AM SA now owns 36,109 shares of the company’s stock worth $3,182,000 after purchasing an additional 3,916 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EL shares. JPMorgan Chase & Co. boosted their price objective on Estee Lauder Companies from $116.00 to $131.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Evercore ISI raised their price objective on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. UBS Group upped their price target on shares of Estee Lauder Companies from $105.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Raymond James Financial upgraded Estee Lauder Companies from a “market perform” rating to a “strong-buy” rating and set a $130.00 target price on the stock in a report on Monday, January 5th. Finally, Argus upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.78.

Estee Lauder Companies Trading Down 1.5%

Shares of EL stock opened at $114.64 on Thursday. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $120.27. The company has a market cap of $41.31 billion, a PE ratio of -44.43, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 1.32 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average is $106.40 and its two-hundred day moving average is $96.27.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.38 billion. Estee Lauder Companies had a negative net margin of 6.44% and a positive return on equity of 14.92%. Estee Lauder Companies’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. Equities analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Insider Activity at Estee Lauder Companies

In other Estee Lauder Companies news, VP Meridith Webster sold 5,430 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total value of $476,971.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barry S. Sternlicht sold 3,972 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total value of $364,748.76. Following the completion of the sale, the director directly owned 34,812 shares of the company’s stock, valued at $3,196,785.96. This represents a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.05% of the stock is owned by corporate insiders.

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.