Wells Fargo & Co Increases Estee Lauder Companies (EL) Price Target to $145.00

Estee Lauder Companies (NYSE:EL) had its target price raised by stock analysts at Wells Fargo & Co from $135.00 to $145.00 in a research note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target would suggest a potential upside of 11.55% from the company’s previous close.

EL has been the subject of several other reports. Argus lifted their target price on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Bank of America boosted their price objective on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group set a $140.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, December 1st. Macquarie boosted their price objective on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a report on Thursday, December 21st. Finally, BMO Capital Markets boosted their price objective on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $115.16.

Estee Lauder Companies (NYSE EL) opened at $129.99 on Thursday. Estee Lauder Companies has a 1-year low of $76.34 and a 1-year high of $131.59. The stock has a market cap of $47,870.00, a P/E ratio of 35.13, a PEG ratio of 2.49 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the business earned $0.85 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. sell-side analysts predict that Estee Lauder Companies will post 4.17 EPS for the current fiscal year.

In other Estee Lauder Companies news, VP Sara E. Moss sold 29,873 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $121.16, for a total transaction of $3,619,412.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexandra C. Trower sold 25,446 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $120.39, for a total transaction of $3,063,443.94. Following the sale, the executive vice president now owns 7,732 shares of the company’s stock, valued at $930,855.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,566,381 shares of company stock valued at $195,955,337. Company insiders own 16.24% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in shares of Estee Lauder Companies by 126.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after acquiring an additional 633 shares during the period. Acrospire Investment Management LLC grew its position in shares of Estee Lauder Companies by 2,291.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after acquiring an additional 1,100 shares during the period. Sun Life Financial INC grew its position in shares of Estee Lauder Companies by 16,290.0% during the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after acquiring an additional 1,629 shares during the period. Zions Bancorporation grew its position in shares of Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after acquiring an additional 1,780 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Estee Lauder Companies during the 3rd quarter valued at $209,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

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About Estee Lauder Companies

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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