Estee Lauder
About: Estee Lauder is a leader in the global prestige beauty market, participating across skin care (51% of fiscal 2024 sales), makeup (29%), fragrance (16%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 30% of revenue from the Americas, 39% from Europe, the Middle East and Africa (including travel retail), and 31% from Asia-Pacific. Estee Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
Employees: 62,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0.79% less ownership
Funds ownership: 88.21% [Q1] → 87.43% (-0.79%) [Q2]
6% less funds holding
Funds holding: 1,031 [Q1] → 967 (-64) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 324 | Existing positions reduced: 412
29% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 10 (-4) [Q2]
30% less call options, than puts
Call options by funds: $696M | Put options by funds: $994M
32% less capital invested
Capital invested by funds: $31.7B [Q1] → $21.7B (-$10B) [Q2]
40% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 160
Research analyst outlook
28 Wall Street Analysts provided 1 year price targets over the past 3 months
28 analyst ratings
DA Davidson Linda Bolton Weiser 35% 1-year accuracy 28 / 80 met price target | 46%upside $130 | Buy Maintained | 15 Oct 2024 |
JP Morgan Andrea Teixeira 44% 1-year accuracy 17 / 39 met price target | 27%upside $113 | Overweight Maintained | 11 Oct 2024 |
Piper Sandler Korinne Wolfmeyer 25% 1-year accuracy 6 / 24 met price target | 37%upside $122 | Overweight Maintained | 30 Sept 2024 |
DA Davidson Linda Bolton Weiser 35% 1-year accuracy 28 / 80 met price target | 46%upside $130 | Buy Maintained | 24 Sept 2024 |
B. Riley Securities Anna Glaessgen 25% 1-year accuracy 2 / 8 met price target | 7%upside $95 | Neutral Initiated | 10 Sept 2024 |
Financial journalist opinion
Based on 17 articles about EL published over the past 30 days