Estee Lauder Companies, Inc. (The) (EL) PT Set at $115.00 by KeyCorp

Estee Lauder Companies, Inc. (The) (NYSE:EL) has been assigned a $115.00 price target by stock analysts at KeyCorp in a research note issued on Monday, October 16th. The firm currently has a “buy” rating on the stock. KeyCorp’s price target points to a potential upside of 2.80% from the company’s previous close. KeyCorp also issued estimates for Estee Lauder Companies, Inc. (The)’s Q1 2018 earnings at $0.97 EPS and FY2018 earnings at $3.97 EPS.

A number of other research analysts have also weighed in on the stock. Bank of America Corporation raised their price target on shares of Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, October 13th. DA Davidson initiated coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $115.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Citigroup Inc. reaffirmed an “outperform” rating and issued a $120.00 price target (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Finally, Macquarie initiated coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, September 15th. They issued an “outperform” rating and a $124.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $111.86.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 111.87 on Monday. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $111.91. The stock has a market cap of $41.16 billion, a PE ratio of 33.39 and a beta of 0.67. The company’s 50-day moving average price is $109.28 and its 200-day moving average price is $99.28.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Estee Lauder Companies, Inc. will post $3.99 earnings per share for the current year.

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In other Estee Lauder Companies, Inc. (The) news, EVP Gregory Polcer sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara E. Moss sold 14,552 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 580,641 shares of company stock valued at $61,605,635. Insiders own 16.24% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in shares of Estee Lauder Companies, Inc. (The) by 3.1% during the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after purchasing an additional 24,600 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Estee Lauder Companies, Inc. (The) by 3.5% during the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after purchasing an additional 10,921 shares during the last quarter. Comgest Global Investors S.A.S. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the 2nd quarter worth $2,266,000. Clinton Group Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the 2nd quarter worth $529,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Estee Lauder Companies, Inc. (The) by 146.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after purchasing an additional 773,666 shares during the last quarter. 54.66% of the stock is owned by institutional investors and hedge funds.

About Estee Lauder Companies, Inc. (The)

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.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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