Piper Sandler Forecasts Strong Price Appreciation for Estee Lauder Companies (NYSE:EL) Stock

Estee Lauder Companies (NYSE:EL) had its price objective lifted by Piper Sandler from $115.00 to $125.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler‘s target price would suggest a potential upside of 15.47% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $111.00 price target on shares of Estee Lauder Companies in a research report on Monday, August 17th. UBS Group boosted their price objective on Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Canaccord Genuity Group raised their price target on Estee Lauder Companies from $90.00 to $109.00 and gave the company a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Estee Lauder Companies from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $107.71.

Estee Lauder Companies Price Performance

NYSE:EL traded up $0.53 on Friday, reaching $108.25. 1,208,036 shares of the company’s stock traded hands, compared to its average volume of 3,760,902. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The firm has a market cap of $39.17 billion, a PE ratio of 221.67, a P/E/G ratio of 1.20 and a beta of 1.27. The stock has a 50-day simple moving average of $98.35 and a 200-day simple moving average of $87.92. Estee Lauder Companies has a 12 month low of $66.22 and a 12 month high of $121.64.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the business posted $0.09 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Equities research analysts forecast that Estee Lauder Companies will post 3.31 earnings per share for the current year.

Insider Transactions at Estee Lauder Companies

In other Estee Lauder Companies news, Director Paul Fribourg sold 58,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the sale, the director directly owned 417,300 shares of the company’s stock, valued at approximately $40,966,341. This trade represents a 12.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rashida La Lande sold 7,766 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. The trade was a 35.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,105 shares of company stock worth $7,423,185 over the last quarter. 11.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estee Lauder Companies

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Estee Lauder Companies in the third quarter valued at approximately $480,000. Cardinal Point Capital Management ULC lifted its holdings in shares of Estee Lauder Companies by 2.9% during the third quarter. Cardinal Point Capital Management ULC now owns 26,485 shares of the company’s stock valued at $2,457,000 after purchasing an additional 740 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in Estee Lauder Companies by 1.3% in the 3rd quarter. Hartford Financial Management Inc. now owns 10,787 shares of the company’s stock worth $1,001,000 after purchasing an additional 140 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Estee Lauder Companies in the 3rd quarter valued at about $237,000. Finally, Arvest Investments Inc. acquired a new stake in Estee Lauder Companies during the third quarter valued at $621,000. 55.15% of the stock is currently owned by institutional investors.

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.