Royal Bank of Canada Has $54.04 Million Position in The Estee Lauder Companies Inc. $EL

Royal Bank of Canada lowered its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 28.5% in the first quarter, Holdings Channel.com reports. The firm owned 752,967 shares of the company’s stock after selling 299,997 shares during the period. Royal Bank of Canada’s holdings in Estee Lauder Companies were worth $54,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC boosted its position in Estee Lauder Companies by 180.6% during the 1st quarter. Empowered Funds LLC now owns 31,975 shares of the company’s stock worth $2,295,000 after acquiring an additional 20,580 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Estee Lauder Companies by 11.8% during the first quarter. Quantinno Capital Management LP now owns 182,104 shares of the company’s stock worth $13,070,000 after purchasing an additional 19,174 shares during the period. SummitTX Capital L.P. acquired a new stake in shares of Estee Lauder Companies during the first quarter worth approximately $7,608,000. Weiss Asset Management LP purchased a new position in Estee Lauder Companies during the first quarter valued at approximately $3,215,000. Finally, OMERS ADMINISTRATION Corp grew its position in Estee Lauder Companies by 29.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 10,767 shares of the company’s stock valued at $773,000 after purchasing an additional 2,419 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Trading Down 1.3%

Shares of EL stock opened at $83.80 on Friday. The Estee Lauder Companies Inc. has a 12 month low of $66.22 and a 12 month high of $121.64. The company has a market cap of $30.32 billion, a PE ratio of -119.71, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average is $84.10 and its two-hundred day moving average is $89.49.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.25. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. Estee Lauder Companies’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Equities analysts predict that The Estee Lauder Companies Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

EL has been the subject of several research reports. Zacks Research lowered Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their price target on shares of Estee Lauder Companies from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Canaccord Genuity Group raised their price target on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, May 4th. Telsey Advisory Group reduced their price objective on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Finally, Citigroup upped their price objective on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.95.

Estee Lauder Companies Profile

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.