Noteworthy Price Action: How Analysts Feel About Estee Lauder Companies Inc After Touching 1 Year Low?

Noteworthy Price Action: How Analysts Feel About Estee Lauder Companies Inc After Touching 1 Year Low?

The stock of Estee Lauder Companies Inc (NYSE:EL) hit a new 52-week low and has $73.47 target or 8.00% below today’s $79.86 share price. The 9 months bearish chart indicates high risk for the $29.17 billion company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $73.47 price target is reached, the company will be worth $2.33 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 1.23 million shares traded hands. Estee Lauder Companies Inc (NYSE:EL) has declined 15.05% since April 7, 2016 and is downtrending. It has underperformed by 19.83% the S&P500.

Estee Lauder Companies Inc (NYSE:EL) Ratings Coverage

Out of 20 analysts covering Estee Lauder (NYSE:EL), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. Estee Lauder has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Thursday, August 20 with “Buy”. Citigroup maintained it with “Neutral” rating and $101 target price in Monday, August 22 report. Atlantic Securities initiated it with “Overweight” rating and $102 target price in Thursday, February 11 report. The firm has “Buy” rating by CLSA given on Monday, June 13. The firm has “Buy” rating by UBS given on Tuesday, November 3. The stock of Estee Lauder Companies Inc (NYSE:EL) has “Neutral” rating given on Friday, October 14 by Piper Jaffray. The stock has “Market Perform” rating given by Telsey Advisory Group on Thursday, August 13. The firm earned “Outperform” rating on Monday, February 8 by Telsey Advisory Group. Jefferies maintained Estee Lauder Companies Inc (NYSE:EL) rating on Monday, August 22. Jefferies has “Hold” rating and $95 price target. Stifel Nicolaus maintained it with “Buy” rating and $96 target price in Tuesday, November 3 report.

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 improved, 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.
Oregon Employees Retirement Fund reported 58,592 shares or 0.12% of all its holdings. Hudson Valley Invest Advsr Adv accumulated 8,424 shares or 0.25% of the stock. United Financial Advisers Limited Liability Corp last reported 10,590 shares in the company. Schwab Charles Investment Mgmt has invested 0.07% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Gateway Invest Advisers has 15,756 shares for 0.01% of their US portfolio. State Of New Jersey Common Pension Fund D accumulated 386,000 shares or 0.16% of the stock. Gulf Intl Bank (Uk) Ltd, a United Kingdom-based fund reported 69,753 shares. Shinko Asset Management Ltd has 0% invested in the company for 582 shares. Robeco Institutional Asset Mngmt Bv owns 871,265 shares or 0.6% of their US portfolio. California State Teachers Retirement Systems reported 459,093 shares or 0.09% of all its holdings. The New York-based Epoch Investment Prns has invested 0.01% in Estee Lauder Companies Inc (NYSE:EL). Westpac holds 23,325 shares or 0% of its portfolio. Pitcairn Co accumulated 34,808 shares or 0.41% of the stock. Alliancebernstein Lp has invested 0.21% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Rothschild Asset Management accumulated 4,114 shares or 0.01% of the stock.

Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 18 insider sales for $154.39 million net activity. $1.65 million worth of Estee Lauder Companies Inc (NYSE:EL) was sold by Freda Fabrizio on Friday, September 9. $7.35M worth of shares were sold by PROUVE CEDRIC on Wednesday, August 31. The insider Polcer Gregory sold 15,000 shares worth $1.43M. Hockaday Irvine O Jr also sold $1.25 million worth of Estee Lauder Companies Inc (NYSE:EL) on Tuesday, May 10. LAL FAMILY PARTNERS LP also sold $35.58 million worth of Estee Lauder Companies Inc (NYSE:EL) shares. 10,000 shares were sold by STERNLICHT BARRY S, worth $913,400. On Tuesday, May 17 Trower Alexandra C. sold $3.19 million worth of the stock or 34,650 shares.

More recent Estee Lauder Companies Inc (NYSE:EL) news were published by: Businesswire.com which released: “The Estée Lauder Companies Inc. Increases Quarterly Dividend 13% to $.34 Per Share” on November 02, 2016. Also Businesswire.com published the news titled: “The Estée Lauder Companies to Acquire BECCA Cosmetics” on October 21, 2016. Businesswire.com‘s news article titled: “The Estée Lauder Companies to Webcast Annual Stockholders’ Meeting” with publication date: November 04, 2016 was also an interesting one.

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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