NEW YORK (TheStreet) --Shares of Estee Lauder (EL) are down nearly 20% from its highs back in the spring and lower 7% this past week alone, as the company reported mixed financial results for the 2017 fiscal first quarter last Wednesday.

The New York City-based cosmetics company beat on earnings projections, however, failed to do so regarding revenue.

TIAA Global Asset Management managing director Stephanie Link explained why Estee Lauder stock could be attractive to investors, despite the mixed results.

"The company guided to 6% to 8% organic growth for the full-year and they have confidence in that because they've got the great brands, the distribution and the pricing power," Link said during CNBC's "Fast Money Halftime Report" on Monday afternoon.

Link feels more confident in allocating money to cosmetic makeup and skin care.

"I think the valuation has come down to a really attractive level, so I have been adding on to that position," Link noted.

Shares of Estee Lauder were higher in mid-afternoon trading on Monday.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

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