Estee Lauder Companies (NYSE:EL) had its target price boosted by Wells Fargo & Co from $135.00 to $145.00 in a research report released on Thursday, January 4th. Wells Fargo & Co currently has an outperform rating on the stock.
Several other brokerages have also issued reports on EL. Deutsche Bank began coverage on Estee Lauder Companies in a research note on Wednesday, December 13th. They set a hold rating and a $134.00 price target on the stock. Macquarie upped their price objective on Estee Lauder Companies from $1.45 to $1.50 and gave the company an outperform rating in a research note on Thursday, December 21st. Zacks Investment Research lowered Estee Lauder Companies from a strong-buy rating to a hold rating in a research note on Tuesday, January 2nd. Jefferies Group set a $140.00 target price on Estee Lauder Companies and gave the stock a buy rating in a report on Friday, December 1st. Finally, BMO Capital Markets upped their price objective on Estee Lauder Companies from $107.00 to $126.00 and gave the stock a market perform rating in a report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $120.36.
Shares of Estee Lauder Companies (NYSE:EL) opened at $136.63 on Thursday. Estee Lauder Companies has a 12-month low of $79.35 and a 12-month high of $138.20. The stock has a market capitalization of $50,301.04, a price-to-earnings ratio of 36.93, a P/E/G ratio of 2.59 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. equities analysts forecast that Estee Lauder Companies will post 4.21 EPS for the current year.
In other news, CFO Tracey Thomas Travis sold 5,469 shares of Estee Lauder Companies stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total transaction of $667,218.00. Following the transaction, the chief financial officer now owns 37,083 shares in the company, valued at $4,524,126. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Demsey sold 77,608 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction of $9,896,572.16. Following the completion of the transaction, the insider now owns 23,305 shares in the company, valued at approximately $2,971,853.60. The disclosure for this sale can be found here. Insiders sold 1,566,381 shares of company stock worth $195,955,337 over the last three months. 16.24% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EL. Jennison Associates LLC bought a new stake in shares of Estee Lauder Companies during the third quarter worth about $664,432,000. Janus Henderson Group PLC increased its position in shares of Estee Lauder Companies by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after acquiring an additional 4,431,247 shares in the last quarter. Northern Trust Corp increased its position in shares of Estee Lauder Companies by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after acquiring an additional 1,086,562 shares in the last quarter. BlackRock Inc. increased its position in shares of Estee Lauder Companies by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after acquiring an additional 1,022,956 shares in the last quarter. Finally, Fred Alger Management Inc. bought a new stake in shares of Estee Lauder Companies during the second quarter worth about $94,952,000. Hedge funds and other institutional investors own 53.69% of the company’s stock.
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About Estee Lauder Companies
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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