Estee Lauder Companies Inc (EL) Reaches New 52-Week High Following Analyst Upgrade

Estee Lauder Companies Inc (NYSE:EL)’s share price hit a new 52-week high during trading on Thursday after Telsey Advisory Group raised their price target on the stock from $120.00 to $125.00. Telsey Advisory Group currently has an outperform rating on the stock. Estee Lauder Companies traded as high as $111.97 and last traded at $112.07, with a volume of 549,129 shares trading hands. The stock had previously closed at $111.12.

Several other brokerages have also commented on EL. KeyCorp set a $115.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 16th. Citigroup Inc restated an “outperform” rating and set a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a research note on Wednesday, September 20th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a research note on Wednesday, September 20th. Macquarie began coverage on Estee Lauder Companies in a research note on Friday, September 15th. They set an “outperform” rating and a $124.00 price target on the stock. Finally, Stifel Nicolaus raised their price target on Estee Lauder Companies from $114.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.86.

In related news, VP Sara E. Moss sold 3,971 shares of Estee Lauder Companies stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $108.00, for a total transaction of $428,868.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory Polcer sold 25,000 shares of Estee Lauder Companies stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $110.00, for a total value of $2,750,000.00. The disclosure for this sale can be found here. Insiders have sold 580,641 shares of company stock valued at $61,605,635 in the last ninety days. Corporate insiders own 16.24% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EL. Teachers Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 14.3% during the first quarter. Teachers Advisors LLC now owns 1,109,225 shares of the company’s stock worth $94,051,000 after purchasing an additional 138,911 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Estee Lauder Companies by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 461,168 shares of the company’s stock worth $39,104,000 after purchasing an additional 7,646 shares during the period. Bank of America Corp DE lifted its holdings in shares of Estee Lauder Companies by 9.4% during the first quarter. Bank of America Corp DE now owns 2,440,683 shares of the company’s stock worth $206,945,000 after purchasing an additional 209,175 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Estee Lauder Companies during the first quarter worth about $414,000. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Estee Lauder Companies during the first quarter worth about $122,946,000. 54.66% of the stock is owned by hedge funds and other institutional investors.

The company has a 50 day moving average price of $109.28 and a 200-day moving average price of $99.28. The stock has a market capitalization of $41.13 billion, a PE ratio of 33.37 and a beta of 0.67.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. Estee Lauder Companies had a return on equity of 21.60% and a net margin of 7.95%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, analysts expect that Estee Lauder Companies Inc will post $3.99 EPS for the current fiscal year.

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Estee Lauder Companies Company Profile

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.

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