After this evening's 4.3% surge to $149.02 per share, Estee Lauder might just keep moving past its target price of $144.48. With an average analyst rating of buy, and target prices from $100.0 to $280.0, the stock's next move is anyone's guess.
Estee Lauder's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.8%. The stock's short ratio is 1.1. The company's insiders own 0.42% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 90.7%. In conclusion, we believe there is mixed market sentiment regarding Estee Lauder.
Institutions Invested in Estee Lauder
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 18,626,625 | $2,775,739,737 |
| 2023-09-30 | Blackrock Inc. | 7% | 15,184,838 | $2,262,844,623 |
| 2023-09-30 | State Street Corporation | 4% | 9,765,981 | $1,455,326,530 |
| 2023-09-30 | Edgewood Management Llc | 4% | 8,510,085 | $1,268,172,903 |
| 2023-09-30 | FMR, LLC | 2% | 5,311,174 | $791,471,172 |
| 2023-09-30 | Capital International Investors | 2% | 5,254,830 | $783,074,789 |
| 2023-09-30 | Morgan Stanley | 2% | 4,483,459 | $668,125,079 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 4,303,344 | $641,284,341 |
| 2023-09-30 | Royal Bank of Canada | 2% | 3,982,831 | $593,521,492 |
| 2023-09-30 | JP Morgan Chase & Company | 2% | 3,790,848 | $564,912,185 |
