The stock of Estee Lauder Companies Inc (NYSE:EL) hit a new 52-week low and has $74.87 target or 7.00% below today’s $80.51 share price. The 7 months bearish chart indicates high risk for the $29.49 billion company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $74.87 price target is reached, the company will be worth $2.06 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.28 million shares traded hands. Estee Lauder Companies Inc (NYSE:EL) has declined 14.69% since April 1, 2016 and is downtrending. It has underperformed by 15.90% the S&P500.
Estee Lauder Companies Inc (NYSE:EL) Ratings Coverage
Out of 19 analysts covering Estee Lauder (NYSE:EL), 12 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 63% are positive. Estee Lauder has been the topic of 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Sterne Agee CRT initiated Estee Lauder Companies Inc (NYSE:EL) on Tuesday, July 21 with “Buy” rating. Berenberg initiated the stock with “Buy” rating in Friday, September 9 report. The stock of Estee Lauder Companies Inc (NYSE:EL) earned “Outperform” rating by Telsey Advisory Group on Monday, February 8. Morgan Stanley maintained the shares of EL in a report on Wednesday, March 23 with “Overweight” rating. The firm has “Hold” rating given on Friday, September 9 by Argus Research. Deutsche Bank maintained the shares of EL in a report on Thursday, August 20 with “Buy” rating. The rating was maintained by B. Riley & Co on Tuesday, November 3 with “Neutral”. The firm earned “Overweight” rating on Monday, August 22 by Piper Jaffray. The stock has “Neutral” rating given by Piper Jaffray on Friday, October 14. The stock of Estee Lauder Companies Inc (NYSE:EL) has “Buy” rating given on Tuesday, November 3 by UBS.
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 is positive, 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.
Cambridge Inv Research last reported 0.01% of its portfolio in the stock. Pax Ww Management holds 268,000 shares or 1.41% of its portfolio. Massachusetts Financial Svcs Ma, a Massachusetts-based fund reported 3.75M shares. Advisor Ltd Liability, a California-based fund reported 2,505 shares. Parametric Port Associates Limited Liability Company has 651,044 shares for 0.09% of their US portfolio. The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.15% in Estee Lauder Companies Inc (NYSE:EL). Axa owns 115,597 shares or 0.05% of their US portfolio. The Alabama-based Andra Ap has invested 0.08% in Estee Lauder Companies Inc (NYSE:EL). Decatur Cap Management has 152,625 shares for 1.87% of their US portfolio. Springbok Cap Mgmt Ltd Liability Corporation owns 1,751 shares or 0.02% of their US portfolio. Swiss Financial Bank holds 621,996 shares or 0.09% of its portfolio. Davenport And Com holds 0% or 10,412 shares in its portfolio. Thomas J Herzfeld last reported 0.01% of its portfolio in the stock. Tower Capital Limited Liability Com (Trc) last reported 5,385 shares in the company. The New York-based Rothschild Asset Mgmt Incorporated has invested 0.01% in Estee Lauder Companies Inc (NYSE:EL).
Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 21 selling transactions for $240.40 million net activity. Another trade for 500,000 shares valued at $47.20 million was made by LAL FAMILY PARTNERS LP on Monday, May 9. Another trade for 13,125 shares valued at $1.25M was sold by Hockaday Irvine O Jr. 22,037 shares were sold by Freda Fabrizio, worth $2.01 million. Another trade for 15,000 shares valued at $1.43M was made by Polcer Gregory on Thursday, August 18. Another trade for 10,000 shares valued at $913,400 was sold by STERNLICHT BARRY S. LAUDER RONALD S FOUNDATION also sold $2.27 million worth of Estee Lauder Companies Inc (NYSE:EL) shares. 500,000 shares were sold by LAUDER RONALD S, worth $44.45 million on Wednesday, August 31.
More news for Estee Lauder Companies Inc (NYSE:EL) were recently published by: Businesswire.com, which released: “The EstÃ©e Lauder Companies to Acquire BECCA Cosmetics” on October 21, 2016. Rttnews.com‘s article titled: “The EstÃ©e Lauder Companies Inc. Q1 Income Rises 2%” and published on November 02, 2016 is yet another important article.
EL Company Profile
The Estee Lauder Companies Inc., incorporated on December 9, 1976, makes and markets skin care, makeup, fragrance and hair care products. The Firm offers products, including Skin Care, Makeup, Fragrance, Hair Care and Other. The Firm operates in beauty products segment. As of June 30, 2016, the Company’s products were sold in over 150 countries and territories under brand names, including Estee Lauder, Clinique, Origins, MzAzC, Bobbi Brown, La Mer, Jo Malone London and Aveda. It is the global licensee for fragrances and/or cosmetics sold under various designer brand names, including Tommy Hilfiger, Donna Karan New York, DKNY, Michael Kors and Tom Ford.
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