Estee Lauder Companies (NYSE:EL – Get Free Report) had its price target lifted by Canaccord Genuity Group from $80.00 to $85.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 4.80% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. Jefferies Financial Group initiated coverage on Estee Lauder Companies in a research report on Wednesday, January 14th. They set a “hold” rating and a $110.00 price target on the stock. Telsey Advisory Group lowered their price objective on Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, March 30th. UBS Group lowered their price objective on Estee Lauder Companies from $107.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, Zacks Research lowered Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $99.67.
Check Out Our Latest Stock Analysis on Estee Lauder Companies
Estee Lauder Companies Stock Performance
Estee Lauder Companies (NYSE:EL – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.25. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.69 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. On average, equities analysts forecast that Estee Lauder Companies will post 2.22 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in EL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Estee Lauder Companies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company’s stock valued at $1,709,000 after purchasing an additional 1,177 shares in the last quarter. NewEdge Advisors LLC raised its position in Estee Lauder Companies by 33.4% during the first quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock valued at $462,000 after purchasing an additional 1,749 shares in the last quarter. Empowered Funds LLC raised its position in Estee Lauder Companies by 24.1% during the first quarter. Empowered Funds LLC now owns 4,619 shares of the company’s stock valued at $305,000 after purchasing an additional 898 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Estee Lauder Companies by 23.2% during the second quarter. EverSource Wealth Advisors LLC now owns 997 shares of the company’s stock valued at $81,000 after purchasing an additional 188 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Estee Lauder Companies by 55.5% during the second quarter. First Trust Advisors LP now owns 13,522 shares of the company’s stock valued at $1,093,000 after purchasing an additional 4,826 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.
About Estee Lauder Companies
Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.
The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.
Further Reading
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