5 Best 52-Week Low Stocks To Buy Now

2. The Estée Lauder Companies Inc. (NYSE:EL)

Number of Hedge Fund Holders: 59

Cosmetics company The Estée Lauder Companies Inc. (NYSE:EL)’s shares have declined by 40% over the past 12 months. In July Barclays downgraded The Estée Lauder Companies Inc. (NYSE:EL) to Equal Weight from Overweight and cut its price target to $193 from $210.

As of the end of the first quarter of 2023, 59 hedge funds out of the 943 funds tracked by Insider Monkey were long The Estée Lauder Companies Inc. (NYSE:EL). The biggest stakeholder of The Estée Lauder Companies Inc. (NYSE:EL) during this period was Terry Smith’s Fundsmith LLP which owns a $1.34 billion stake in the company.

Here is what Aristotle Atlantic Partners has to say about The Estee Lauder Companies Inc. (NYSE:EL) in its Q2 2023 investor letter:

“Estee Lauder shares were weak during the second quarter, following an inline earnings report where Estee again pushed out the timing of a recovery in their travel retail business due to sluggish travel trends in China and an inventory overhand in that end market. Estee reduced fiscal 2023 earnings guidance again and pushed the timing of the recovery toward the end of this calendar year. Outside of travel retail, growth was solid in the Americas, Europe, APAC, Emerging Markets and China.”