Telsey Advisory Group Reiterates Market Perform Rating for Estée Lauder Companies (NYSE:EL)

Telsey Advisory Group reissued their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $76.00 price target on the stock.

Several other research analysts also recently commented on EL. Barclays raised their price objective on Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Canaccord Genuity Group decreased their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group dropped their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Wednesday, January 22nd. Finally, B. Riley dropped their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $92.95.

Estée Lauder Companies Stock Down 16.2 %

Shares of EL opened at $69.40 on Tuesday. The firm has a fifty day moving average price of $77.29 and a 200-day moving average price of $83.73. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $24.91 billion, a P/E ratio of 123.92, a P/E/G ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a 12-month low of $62.29 and a 12-month high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. Equities research analysts expect that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 77,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in Estée Lauder Companies by 24.5% during the second quarter. Cetera Investment Advisers now owns 31,051 shares of the company’s stock valued at $3,304,000 after purchasing an additional 6,102 shares during the period. Czech National Bank boosted its stake in shares of Estée Lauder Companies by 6.9% in the third quarter. Czech National Bank now owns 47,469 shares of the company’s stock worth $4,732,000 after buying an additional 3,065 shares during the last quarter. Boit C F David purchased a new stake in shares of Estée Lauder Companies in the third quarter worth about $340,000. Trium Capital LLP grew its holdings in Estée Lauder Companies by 194.9% during the third quarter. Trium Capital LLP now owns 24,911 shares of the company’s stock worth $2,483,000 after acquiring an additional 16,463 shares during the period. Finally, CWM LLC lifted its holdings in Estée Lauder Companies by 28.7% in the third quarter. CWM LLC now owns 4,930 shares of the company’s stock valued at $491,000 after acquiring an additional 1,099 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

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.