Saturday, June 25, 2022

EVP Research Prod & Innovation Haney Carl P. sold 548 shares of The Estee Lauder Companies Inc. [EL]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. The Estee Lauder Companies Inc. shares valued at $144,606 were sold by Haney Carl P. on Jun 03. At $263.88 per share, Haney Carl P. sold 548 shares. The insider’s holdings dropped to 3,296 shares worth approximately $0.82 million following the completion of this transaction.

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Also, Haney Carl P. sold 671 shares, netting a total of over 170,132 in proceeds. Following the sale of shares at $253.55 each, the insider now holds 3,844 shares.

Before that, Haney Carl P. had sold 1,965 shares from its account. In a trade valued at $467,513, the EVP Research Prod & Innovation traded The Estee Lauder Companies Inc. shares for $237.92 each. Upon closing the transaction, the insider’s holdings decreased to 1,965 shares, worth approximately $1.12 million.

As published in a research note from Oppenheimer on May 31, 2022, The Estee Lauder Companies Inc. [EL] has been retained to an Outperform and the price target has been revised to $300. This represents a 17.36% premium over Wednesday’s closing price. Analysts at Edward Jones upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late April. As of February 04, 2022, Citigroup has increased its “Neutral” rating to a “Buy” for EL. Earlier on February 04, 2022, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for EL stock.

Analyzing EL’s Price Performance

On Wednesday, The Estee Lauder Companies Inc. [NYSE: EL] rose 0.47% to $247.91. The stock’s lowest price that day was $243.55, but it reached a high of $249.96 in the same session. During the last five days, there has been a surge of approximately 2.96%. Over the course of the year, The Estee Lauder Companies Inc. shares have dropped approximately -33.03%. Shares of the company reached a 52-week high of $374.20 on 01/03/22 and a 52-week low of $225.39 on 05/12/22. A 50-day SMA is recorded $250.89, while a 200-day SMA reached $301.72. Nevertheless, trading volume fell to 1.22 million shares from 1.73 million shares the previous day.

Support And Resistance Levels for The Estee Lauder Companies Inc. (EL)

According to the 24-hour chart, there is a support level at 244.32, which, if violated, would cause prices to drop to 240.73. In the upper region, resistance lies at 250.73. The next price resistance is at 253.55. RSI (Relative Strength Index) is 49.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.94, which suggests the price will decrease in the coming days. Percent R is at 58.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is The Estee Lauder Companies Inc. subject to short interest?

Stocks of The Estee Lauder Companies Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.25 million shares to 2.44 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 2.19 million shares. A jump of 10.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.78 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.78.

Which companies own the most shares of The Estee Lauder Companies Inc. (EL)?

According to The Vanguard Group, Inc. filings, the company currently owns 16,807,650 shares, which is about 7.25% of the total EL shares outstanding. The investor’s shares have plunged by -120,581 from its previous 13-F filing of 16928231.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $2,733,987,081. SSgA Funds Management, Inc. acquire a 1.89% interest valued at $2.53 billion while Fidelity Management & Research Co sold a -1,357,192 stake. A total of 91,096 shares of The Estee Lauder Companies Inc. were sold by Fundsmith LLP during the quarter, and -26,124 were sold by Edgewood Management LLC. In its current portfolio, Jennison Associates LLC holds 6,370,244 shares valued at $1.62 billion.

In terms of The Estee Lauder Companies Inc. share price expectations, FactSet research, analysts set an average price target of $306.48 in the next 12 months, up nearly 24.01% from the previous closing price of $246.76. Analysts anticipate The Estee Lauder Companies Inc. stock to reach $380.00 by 2022, with the lowest price target being $229.00. In spite of this, 27 analysts ranked The Estee Lauder Companies Inc. stock as an Overweight at the end of 2022. On February 04, 2022, UBS assigned a price target of “a Neutral” to the stock and reiterated coverage with a $326.

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