Estée Lauder Companies (NYSE:EL) Price Target Raised to $71.00

Estée Lauder Companies (NYSE:EL) had its target price raised by Barclays from $63.00 to $71.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 8.81% from the stock’s previous close.

EL has been the subject of a number of other reports. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. DA Davidson reiterated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Monday, December 23rd. StockNews.com downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, October 16th. Finally, UBS Group increased their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $93.55.

Estée Lauder Companies Stock Performance

NYSE EL opened at $77.86 on Friday. The company has a market capitalization of $27.95 billion, a price-to-earnings ratio of 139.04, a PEG ratio of 5.02 and a beta of 1.02. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.75. The stock has a fifty day simple moving average of $73.76 and a 200 day simple moving average of $85.64. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. Sell-side analysts expect that Estée Lauder Companies will post 1.48 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg purchased 77,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several large investors have recently modified their holdings of EL. Federated Hermes Inc. increased its stake in shares of Estée Lauder Companies by 1,324.7% during the 2nd quarter. Federated Hermes Inc. now owns 17,738 shares of the company’s stock worth $1,887,000 after purchasing an additional 16,493 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Estée Lauder Companies by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 358,408 shares of the company’s stock valued at $38,135,000 after buying an additional 15,333 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Estée Lauder Companies by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 584,436 shares of the company’s stock valued at $62,202,000 after buying an additional 41,776 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in Estée Lauder Companies by 13.0% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 21,737 shares of the company’s stock valued at $2,313,000 after buying an additional 2,493 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Estée Lauder Companies by 6.9% in the 2nd quarter. Hsbc Holdings PLC now owns 489,626 shares of the company’s stock valued at $52,003,000 after buying an additional 31,617 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.