The stock of Estee Lauder Companies Inc (NYSE:EL) hit a new 52-week low and has $71.94 target or 7.00% below today’s $77.35 share price. The 8 months bearish chart indicates high risk for the $28.40 billion company. The 1-year low was reported on Nov, 16 by Barchart.com. If the $71.94 price target is reached, the company will be worth $1.99B 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 333,610 shares traded hands. Estee Lauder Companies Inc (NYSE:EL) has declined 17.91% since April 14, 2016 and is downtrending. It has underperformed by 22.59% the S&P500.
Estee Lauder Companies Inc (NYSE:EL) Ratings Coverage
Out of 21 analysts covering Estee Lauder (NYSE:EL), 13 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 62% are positive. Estee Lauder has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was maintained by Citigroup. UBS maintained Estee Lauder Companies Inc (NYSE:EL) rating on Tuesday, November 3. UBS has “Buy” rating and $98 price target. Jefferies initiated it with “Hold” rating and $86 target price in Monday, September 28 report. Piper Jaffray maintained Estee Lauder Companies Inc (NYSE:EL) on Monday, August 22 with “Overweight” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, March 23. Jefferies maintained the shares of EL in a report on Monday, August 22 with “Hold” rating. Stifel Nicolaus maintained Estee Lauder Companies Inc (NYSE:EL) rating on Tuesday, November 3. Stifel Nicolaus has “Buy” rating and $96 price target. Berenberg initiated Estee Lauder Companies Inc (NYSE:EL) rating on Friday, September 9. Berenberg has “Buy” rating and $105 price target. The stock of Estee Lauder Companies Inc (NYSE:EL) has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. CLSA upgraded Estee Lauder Companies Inc (NYSE:EL) on Monday, June 13 to “Buy” rating.
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.
Sit Inv Associate Inc reported 67,685 shares or 0.16% of all its holdings. Quantum Mngmt accumulated 13,390 shares or 0.17% of the stock. Millennium Management Lc accumulated 52,114 shares or 0.01% of the stock. Louisiana State Employees Retirement Systems holds 0.07% or 14,600 shares in its portfolio. Credit Agricole S A holds 269,070 shares or 0.09% of its portfolio. Mufg Americas Hldgs has invested 0.05% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Archford Strategies Ltd, a Illinois-based fund reported 58 shares. Mu Investments has 47,700 shares for 2.9% of their US portfolio. Nomura Asset Mngmt Ltd holds 0.12% or 73,092 shares in its portfolio. Pitcairn Communications has 0.41% invested in the company for 34,808 shares. Whittier Tru Company Of Nevada Inc last reported 19,452 shares in the company. The California-based Franklin Res has invested 0.01% in Estee Lauder Companies Inc (NYSE:EL). Ledyard Comml Bank reported 27 shares or 0% of all its holdings. Farmers Tru Com accumulated 67,507 shares or 2% of the stock. Point72 Asset Limited Partnership reported 10,000 shares or 0.01% of all its holdings.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 16 selling transactions for $144.94 million net activity. 10,000 shares were sold by STERNLICHT BARRY S, worth $913,400. The insider LAUDER RONALD S sold 500,000 shares worth $44.45 million. 20,000 Estee Lauder Companies Inc (NYSE:EL) shares with value of $1.77 million were sold by LAUDER RONALD S FOUNDATION. The insider BARSHEFSKY CHARLENE sold $202,520. Polcer Gregory had sold 15,000 shares worth $1.43 million. $3.22 million worth of Estee Lauder Companies Inc (NYSE:EL) shares were sold by Haney Carl P.. $347,736 worth of Estee Lauder Companies Inc (NYSE:EL) shares were sold by O’HARE MICHAEL.
More notable recent Estee Lauder Companies Inc (NYSE:EL) news were published by: Investorplace.com which released: “Estee Lauder Companies Inc (EL) to Buy Too Faced Cosmetics” on November 15, 2016, also Businesswire.com with their article: “The EstÃ©e Lauder Companies Holds Annual Meeting of Stockholders” published on November 11, 2016, Seekingalpha.com published: “Estee Lauder: Told You So” on November 14, 2016. More interesting news about Estee Lauder Companies Inc (NYSE:EL) were released by: Businesswire.com and their article: “The EstÃ©e Lauder Companies Inc. Increases Quarterly Dividend 13% to $.34 Per Share” published on November 02, 2016 as well as Businesswire.com‘s news article titled: “The EstÃ©e Lauder Companies to Acquire BECCA Cosmetics” with publication date: October 21, 2016.
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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