The stock of Estee Lauder Companies Inc (NYSE:EL) is a huge mover today! About 1.45M shares traded hands. Estee Lauder Companies Inc (NYSE:EL) has declined 5.33% since March 11, 2016 and is downtrending. It has underperformed by 10.78% the S&P500.
The move comes after 8 months negative chart setup for the $32.09 billion company. It was reported on Oct, 14 by Barchart.com. We have $83.25 PT which if reached, will make NYSE:EL worth $1.60B less.
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 rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, August 13. The stock of Estee Lauder Companies Inc (NYSE:EL) earned “Outperform” rating by Telsey Advisory Group on Monday, February 8. The stock of Estee Lauder Companies Inc (NYSE:EL) earned “Neutral” rating by Citigroup on Monday, August 22. The rating was maintained by UBS on Tuesday, November 3 with “Buy”. The firm has “Hold” rating by Jefferies given on Monday, August 22. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, March 16 report. Jefferies initiated it with “Hold” rating and $86 target price in Monday, September 28 report. The company was maintained on Tuesday, November 3 by Stifel Nicolaus. The rating was maintained by B. Riley & Co with “Neutral” on Tuesday, November 3. The stock of Estee Lauder Companies Inc (NYSE:EL) earned “Buy” rating by Sterne Agee CRT on Tuesday, July 21.
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 2016 Q2. 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.
Sit Inv Associate holds 67,685 shares or 0.16% of its portfolio. The Michigan-based Comerica Bancorp has invested 0.09% in Estee Lauder Companies Inc (NYSE:EL). Employees Retirement System Of Texas has 0.45% invested in the company for 361,296 shares. Aperio Grp Inc Lc, a California-based fund reported 113,772 shares. Kcg Hldgs Inc last reported 0.04% of its portfolio in the stock. Citigroup owns 8,306 shares or 0% of their US portfolio. Deutsche Bank Ag last reported 1.55M shares in the company. Andra Ap holds 34,700 shares or 0.08% of its portfolio. First Western Mngmt holds 1.55% of its portfolio in Estee Lauder Companies Inc (NYSE:EL) for 46,460 shares. Whittier Tru Of Nevada reported 19,452 shares or 0.2% of all its holdings. Bedrijfstakpensioenfonds Voor De Media Pno has 2.46% invested in the company for 200,100 shares. The California-based Granite Inv Prns Limited has invested 0.72% in Estee Lauder Companies Inc (NYSE:EL). Quantitative Inv Mngmt Ltd Liability Corporation accumulated 44,500 shares or 0.19% of the stock. First Interstate Bank holds 3,900 shares or 0.07% of its portfolio. Bnp Paribas Arbitrage Sa has invested 0.01% of its portfolio in Estee Lauder Companies Inc (NYSE:EL).
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 22 selling transactions for $253.23 million net activity. $1.45M worth of shares were sold by Freda Fabrizio on Wednesday, July 6. 25,000 shares were sold by LAUDER RONALD S FOUNDATION, worth $2.27M. Another trade for 82,608 shares valued at $7.35 million was sold by PROUVE CEDRIC. LAL FAMILY PARTNERS LP had sold 67,300 shares worth $6.26M. Demsey John had sold 138,839 shares worth $12.83 million on Wednesday, May 4. 500,000 shares were sold by LAUDER RONALD S, worth $44.45M. On Monday, August 22 the insider STERNLICHT BARRY S sold $913,400.
More news for Estee Lauder Companies Inc (NYSE:EL) were recently published by: Time.com, which released: “What Estee Lauder’s Son Learned From His Famous Mom” on October 14, 2016. Benzinga.com‘s article titled: “Chinese Survey Has More Bad News Than Good For Estee Lauder” and published on September 15, 2016 is yet another important article.
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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