Fintel reports that on August 1, 2023, Citigroup downgraded their outlook for Estee Lauder Cos., Inc. – (NYSE:EL) from Buy to Neutral.

Analyst Price Forecast Suggests 29.71% Upside

As of August 1, 2023, the average one-year price target for Estee Lauder Cos., Inc. – is 233.48. The forecasts range from a low of 191.90 to a high of $294.00. The average price target represents an increase of 29.71% from its latest reported closing price of 180.00.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Estee Lauder Cos., Inc. – is 18,791MM, an increase of 18.47%. The projected annual non-GAAP EPS is 7.30.

What is the Fund Sentiment?

There are 2124 funds or institutions reporting positions in Estee Lauder Cos., Inc. -. This is a decrease of 22 owner(s) or 1.03% in the last quarter. Average portfolio weight of all funds dedicated to EL is 0.43%, an increase of 0.39%. Total shares owned by institutions increased in the last three months by 2.49% to 236,660K shares. The put/call ratio of EL is 1.17, indicating a bearish outlook.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 6,462K shares representing 1.81% ownership of the company. In it’s prior filing, the firm reported owning 6,329K shares, representing an increase of 2.05%. The firm decreased its portfolio allocation in EL by 6.35% over the last quarter.

Edgewood Management holds 6,074K shares representing 1.70% ownership of the company. In it’s prior filing, the firm reported owning 6,235K shares, representing a decrease of 2.64%. The firm decreased its portfolio allocation in EL by 12.81% over the last quarter.

Fundsmith LLP holds 5,428K shares representing 1.52% ownership of the company. In it’s prior filing, the firm reported owning 5,680K shares, representing a decrease of 4.63%. The firm decreased its portfolio allocation in EL by 10.30% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 5,406K shares representing 1.51% ownership of the company. In it’s prior filing, the firm reported owning 5,346K shares, representing an increase of 1.10%. The firm decreased its portfolio allocation in EL by 6.85% over the last quarter.

Royal Bank Of Canada holds 4,722K shares representing 1.32% ownership of the company. In it’s prior filing, the firm reported owning 4,799K shares, representing a decrease of 1.64%. The firm decreased its portfolio allocation in EL by 3.65% over the last quarter.

Estee Lauder Cos. Background Information
(This description is provided by the company.)

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. As the global leader in prestige beauty, Estée Lauder touches over half a billion consumers a year. The Company’s products are sold in over 150 countries and territories under the following brand names: AERIN, Aramis, Aveda, BECCA, Bobbi Brown, Bumble and bumble, By Kilian, Clinique, Darphin, Donna Karan, DKNY, Dr. Jart+, Editions de Parfums Frédéric Malle, Ermenegildo Zegna, Estée Lauder, GLAMGLOW, Jo Malone London, Kiton, La Mer, Lab Series, Le Labo, M•A•C, Michael Kors, Origins, Prescriptives, RODIN olio lusso, Smashbox, Tom Ford, Tommy Hilfiger and Too Faced.

This article originally appeared on Fintel

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