7,112 Shares in The Estee Lauder Companies Inc. $EL Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,112 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC bought a new position in Estee Lauder Companies in the fourth quarter valued at about $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Estee Lauder Companies in the fourth quarter worth about $27,000. N.E.W. Advisory Services LLC raised its holdings in Estee Lauder Companies by 39.1% during the 4th 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 during the last quarter. DV Equities LLC bought a new stake in Estee Lauder Companies during the 4th quarter worth about $36,000. Finally, Kozak & Associates Inc. acquired a new position in Estee Lauder Companies during the 2nd quarter valued at about $30,000. 55.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EL. Jefferies Financial Group raised their target price on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Citigroup boosted their price target on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Telsey Advisory Group cut their price objective on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Friday, July 31st. Finally, Canaccord Genuity Group lifted their target price on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.95.

Estee Lauder Companies Price Performance

Shares of EL opened at $86.05 on Friday. The stock has a market cap of $31.13 billion, a P/E ratio of -122.92, 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 stock’s 50-day moving average price is $84.20 and its two-hundred day moving average price is $87.44. 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.