The stock of Estee Lauder Companies Inc (NYSE:EL) is a huge mover today! About 676,438 shares traded hands. Estee Lauder Companies Inc (NYSE:EL) has declined 4.61% since March 3, 2016 and is downtrending. It has underperformed by 12.95% the S&P500.
The move comes after 8 months positive chart setup for the $32.63B company. It was reported on Oct, 6 by Barchart.com. We have $121.31 PT which if reached, will make NYSE:EL worth $12.07B more.
Estee Lauder Companies Inc (NYSE:EL) Ratings Coverage
Out of 19 analysts covering Estee Lauder (NYSE:EL), 13 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 68% are positive. Estee Lauder has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, August 18 by Telsey Advisory Group. Atlantic Securities initiated the stock with “Overweight” rating in Thursday, February 11 report. Stifel Nicolaus maintained Estee Lauder Companies Inc (NYSE:EL) rating on Tuesday, November 3. Stifel Nicolaus has “Buy” rating and $96 price target. Goldman Sachs downgraded Estee Lauder Companies Inc (NYSE:EL) on Wednesday, March 16 to “Neutral” rating. The firm has “Neutral” rating given on Tuesday, November 3 by B. Riley & Co. The company was initiated on Friday, September 9 by Berenberg. As per Thursday, August 13, the company rating was maintained by Telsey Advisory Group. Citigroup maintained the shares of EL in a report on Monday, August 22 with “Neutral” rating. Jefferies maintained it with “Hold” rating and $95 target price in Monday, August 22 report. The company was maintained on Wednesday, March 23 by Morgan Stanley.
According to Zacks Investment Research, “Estee Lauder Co. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. Its products are sold in numerous countries and territories under the following well-recognized brand names: Estee Lauder, Clinique, Aramis, Prescriptives, Origins, M.A.C, Bobbi Brown essentials, La Mer, jane, Aveda, Stila, Jo Malone and Bumble and bumble. The company is also the global licensee for fragrances and cosmetics sold under the Tommy Hilfiger, Donna Karan and Kate Spade brands.”
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.10, from 0.93 in 2016Q1. The ratio increased, as 54 funds sold all Estee Lauder Companies Inc shares owned while 192 reduced positions. 48 funds bought stakes while 206 increased positions. They now own 196.11 million shares or 3.26% less from 202.72 million shares in 2016Q1.
The Ohio-based Osborn Rohs Williams Donohoe Limited has invested 0.22% in Estee Lauder Companies Inc (NYSE:EL). Allianz Asset Mgmt Ag holds 0.08% or 1.55 million shares in its portfolio. Comerica Bank, a Michigan-based fund reported 107,028 shares. Shell Asset Management Comm owns 40,716 shares or 0.09% of their US portfolio. Tarbox Group Incorporated holds 0.01% or 119 shares in its portfolio. Alexandria Cap Llc has 0% invested in the company for 85 shares. Ibm Retirement Fund holds 28,498 shares or 0.1% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 17,354 shares or 0.07% of all its holdings. South Texas Money Management Ltd, a Texas-based fund reported 406,020 shares. Ahl Llp holds 0.22% of its portfolio in Estee Lauder Companies Inc (NYSE:EL) for 45,442 shares. Allsquare Wealth Mngmt Limited Com holds 0.02% of its portfolio in Estee Lauder Companies Inc (NYSE:EL) for 196 shares. First Financial Bank Na has 2,250 shares for 0.04% of their US portfolio. Mycio Wealth Prns Limited Liability Company has 0.02% invested in the company for 1,144 shares. State Treasurer State Of Michigan holds 77,290 shares or 0.06% of its portfolio. Lpl Fincl Ltd Llc holds 0.02% or 23,419 shares in its portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 22 sales for $253.23 million net activity. $1.65M worth of shares were sold by Freda Fabrizio on Friday, September 9. Shares for $35.58M were sold by LAL FAMILY PARTNERS LP on Wednesday, May 11. On Wednesday, May 4 the insider Demsey John sold $12.83M. The insider Hockaday Irvine O Jr sold 13,125 shares worth $1.25 million. Another trade for 10,000 shares valued at $913,400 was made by STERNLICHT BARRY S on Monday, August 22. Another trade for 25,000 shares valued at $2.27 million was made by LAUDER RONALD S FOUNDATION on Thursday, May 12. O’HARE MICHAEL sold $347,736 worth of stock or 3,952 shares.
EL Company Profile
The Estee Lauder Companies Inc., incorporated on December 9, 1976, is a maker and marketer of skin care, makeup, fragrance and hair care products. The Companyâ€™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. It is also the global licensee for fragrances and/or cosmetics sold under brand names, such as Tommy Hilfiger, Donna Karan, Michael Kors, Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores, specialty retailers, upscale perfumeries and pharmacies and prestige salons and spas. In addition, its products are sold in freestanding Company-operated stores, its own and authorized retailer Websites, stores on cruise ships, direct response television (DRTV), in-flight and duty-free shops and certain fragrances are sold in self-select outlets.
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