What’s Estee Lauder Companies Inc (EL) Upside After Achieving 52-Week High?

June 20, 2017 - By Vivian Currie

Investors sentiment increased to 0.92 in Q4 2016. Its up 0.01, from 0.91 in 2016Q3. It improved, as 63 investors sold Estee Lauder Companies Inc shares while 203 reduced holdings. 66 funds opened positions while 180 raised stakes. 192.06 million shares or 1.13% less from 194.26 million shares in 2016Q3 were reported.
Parkside Finance Financial Bank stated it has 1,415 shares or 0.05% of all its holdings. Brown Advisory holds 1.48% or 5.42 million shares. Montecito Fincl Bank & invested in 0.03% or 1,036 shares. Artemis Inv Mngmt Limited Liability Partnership stated it has 0.1% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Chevy Chase Tru Holdings accumulated 0.14% or 333,560 shares. Gulf Intll Bancshares (Uk) Limited holds 0.08% or 69,753 shares in its portfolio. 66,587 were accumulated by Texas Permanent School Fund. Argent has invested 0.1% in Estee Lauder Companies Inc (NYSE:EL). Macquarie Gru reported 31,560 shares stake. Washington Tru reported 230,885 shares. Brown Advisory Securities Ltd Limited Liability Company has invested 0.06% in Estee Lauder Companies Inc (NYSE:EL). Numeric Llc holds 0.01% in Estee Lauder Companies Inc (NYSE:EL) or 10,700 shares. Martingale Asset Mngmt Limited Partnership holds 0.01% or 5,134 shares in its portfolio. 137,793 were accumulated by Logan Cap Management. Waddell & Reed Finance reported 0.01% of its portfolio in Estee Lauder Companies Inc (NYSE:EL).

Since January 25, 2017, it had 0 insider purchases, and 11 selling transactions for $13.56 million activity. Demsey John had sold 23,304 shares worth $2.19 million on Wednesday, May 10. Freda Fabrizio sold 18,708 shares worth $1.57 million. On Monday, May 22 BARSHEFSKY CHARLENE sold $221,571 worth of Estee Lauder Companies Inc (NYSE:EL) or 2,383 shares. 6,558 shares were sold by TRAVIS TRACEY THOMAS, worth $532,247 on Wednesday, January 25. BRAVO ROSE MARIE had sold 9,312 shares worth $892,928 on Thursday, June 8. Trower Alexandra C. sold $196,684 worth of stock. Another trade for 3,300 shares valued at $280,566 was sold by Hockaday Irvine O Jr.

The stock of Estee Lauder Companies Inc (NYSE:EL) hit a new 52-week high and has $100.45 target or 3.00 % above today’s $97.52 share price. The 9 months bullish chart indicates low risk for the $36.12 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $100.45 price target is reached, the company will be worth $1.08B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 524,443 shares traded. Estee Lauder Companies Inc (NYSE:EL) has risen 1.49% since June 20, 2016 and is uptrending. It has underperformed by 15.21% the S&P500.

Wall Street await Estee Lauder Companies Inc (NYSE:EL) to release earnings on August, 18. Analysts forecast EPS of $0.53, up exactly $0.10 or 23.26 % from 2014’s $0.43 EPS. The expected EL’s profit could reach $196.30 million giving the stock 46.00 P/E in the case that $0.53 earnings per share is reported. After posting $0.91 EPS for the previous quarter, Estee Lauder Companies Inc’s analysts now forecast -41.76 % negative EPS growth.

Estee Lauder Companies Inc (NYSE:EL) Ratings Coverage

Among 26 analysts covering Estee Lauder (NYSE:EL), 19 have Buy rating, 2 Sell and 5 Hold. Therefore 73% are positive. Estee Lauder had 51 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer upgraded the stock to “Outperform” rating in Thursday, January 26 report. The stock of Estee Lauder Companies Inc (NYSE:EL) has “Hold” rating given on Friday, September 9 by Argus Research. Jefferies maintained the stock with “Hold” rating in Monday, August 22 report. The stock of Estee Lauder Companies Inc (NYSE:EL) has “Hold” rating given on Monday, September 28 by Jefferies. The firm earned “Buy” rating on Friday, April 28 by RBC Capital Markets. As per Friday, February 3, the company rating was maintained by B. Riley & Co. The rating was maintained by B. Riley & Co with “Neutral” on Tuesday, November 3. The stock has “Buy” rating by RBC Capital Markets on Wednesday, May 31. The company was upgraded on Friday, June 2 by Jefferies. The rating was reinitiated by Piper Jaffray with “Overweight” on Monday, May 1.

More notable recent Estee Lauder Companies Inc (NYSE:EL) news were published by: Zacks.com which released: “Estee Lauder Hits 52-Week High on Bright Prospects in China” on June 05, 2017, also Businesswire.com with their article: “The Estée Lauder Companies Presentation at the dbAccess Global Consumer …” published on June 06, 2017, Nasdaq.com published: “Will Estee Lauder’s Strategic Efforts Help Gain Momentum?” on May 24, 2017. More interesting news about Estee Lauder Companies Inc (NYSE:EL) were released by: Reuters.com and their article: “BRIEF-Estee Lauder Companies Inc company approved certain initiatives under …” published on June 13, 2017 as well as Businesswire.com‘s news article titled: “The Estée Lauder Companies Announces Global Brand Leadership Updates” with publication date: May 23, 2017.

The Estee Lauder Companies Inc. manufactures and markets skin care, makeup, fragrance and hair care products. The company has market cap of $36.12 billion. The Firm offers products, including skin care, makeup, fragrance, hair care and other. It has a 32.66 P/E ratio. The Firm operates in beauty products segment.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.