Shares of Estee Lauder Companies Inc. (NYSE:EL) saw strong trading volume on Thursday . 1,862,667 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 1,428,535 shares.The stock last traded at $94.75 and had previously closed at $93.02.

Several equities research analysts recently weighed in on the stock. Vetr cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $100.50 price target on the stock. in a research report on Friday, April 29th. Royal Bank Of Canada restated a “buy” rating on shares of Estee Lauder Companies in a research report on Tuesday, May 10th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $100.00 price target (up previously from $98.00) on shares of Estee Lauder Companies in a research report on Friday, July 15th. B. Riley restated a “neutral” rating and issued a $86.00 price target on shares of Estee Lauder Companies in a research report on Tuesday, May 10th. Finally, Zacks Investment Research cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$99.42.

The firm has a market capitalization of $35.11 billion and a P/E ratio of 30.67. The firm has a 50 day moving average price of $93.01 and a 200-day moving average price of $92.69.

In other news, CEO Fabrizio Freda sold 15,975 shares of Estee Lauder Companies stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of C$90.84, for a total transaction of C$1,451,169.00. Following the transaction, the chief executive officer now owns 73,174 shares in the company, valued at approximately C$6,647,126.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Lal Family Partners Lp sold 55,600 shares of Estee Lauder Companies stock in a transaction on Friday, May 27th. The stock was sold at an average price of C$92.19, for a total value of C$5,125,764.00. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the company. Bridgewater Associates LP acquired a new stake in shares of Estee Lauder Companies during the fourth quarter worth about $2,222,000. Calvert Investment Management Inc. increased its stake in shares of Estee Lauder Companies by 27.1% in the fourth quarter. Calvert Investment Management Inc. now owns 21,531 shares of the company’s stock worth $1,896,000 after buying an additional 4,595 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Estee Lauder Companies by 18.2% in the fourth quarter. King Luther Capital Management Corp now owns 130,088 shares of the company’s stock worth $11,456,000 after buying an additional 20,050 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Estee Lauder Companies by 0.8% in the fourth quarter. Stephens Inc. AR now owns 20,494 shares of the company’s stock worth $1,805,000 after buying an additional 169 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Estee Lauder Companies by 34.2% in the fourth quarter. Victory Capital Management Inc. now owns 12,670 shares of the company’s stock worth $1,116,000 after buying an additional 3,226 shares during the last quarter.

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

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