Estee Lauder Companies (NYSE:EL) had its target price lifted by equities research analysts at Deutsche Bank from $214.00 to $218.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 7.28% from the company’s previous close.
Several other research analysts have also issued reports on the stock. Citigroup raised their target price on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Estee Lauder Companies in a research note on Friday, November 1st. Berenberg Bank started coverage on shares of Estee Lauder Companies in a research note on Wednesday, October 16th. They issued a “buy” rating and a $230.00 target price on the stock. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research note on Tuesday, August 20th. Finally, Credit Suisse Group raised their target price on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $196.09.
Shares of NYSE:EL opened at $203.21 on Thursday. Estee Lauder Companies has a 12 month low of $121.47 and a 12 month high of $207.50. The company’s 50-day moving average price is $192.10 and its two-hundred day moving average price is $188.55. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The firm has a market cap of $71.44 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.56 and a beta of 0.77.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07. Estee Lauder Companies had a net margin of 12.34% and a return on equity of 46.14%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue was up 10.5% on a year-over-year basis. As a group, equities analysts predict that Estee Lauder Companies will post 5.96 earnings per share for the current fiscal year.
In other Estee Lauder Companies news, CEO Fabrizio Freda sold 16,479 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $184.08, for a total transaction of $3,033,454.32. Following the sale, the chief executive officer now directly owns 83,348 shares in the company, valued at approximately $15,342,699.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracey Thomas Travis sold 15,058 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $187.95, for a total transaction of $2,830,151.10. Insiders sold a total of 52,514 shares of company stock worth $9,835,548 over the last quarter. 14.68% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in EL. United Bank raised its holdings in Estee Lauder Companies by 5.9% during the 2nd quarter. United Bank now owns 3,037 shares of the company’s stock worth $556,000 after buying an additional 169 shares during the period. First Trust Advisors LP raised its holdings in Estee Lauder Companies by 33.8% during the 2nd quarter. First Trust Advisors LP now owns 106,458 shares of the company’s stock worth $19,494,000 after buying an additional 26,899 shares during the period. KBC Group NV raised its holdings in Estee Lauder Companies by 23.2% during the 2nd quarter. KBC Group NV now owns 103,784 shares of the company’s stock worth $19,004,000 after buying an additional 19,541 shares during the period. CWM LLC raised its holdings in Estee Lauder Companies by 36.9% during the 2nd quarter. CWM LLC now owns 720 shares of the company’s stock worth $132,000 after buying an additional 194 shares during the period. Finally, Wedbush Securities Inc. acquired a new stake in Estee Lauder Companies during the 2nd quarter worth approximately $269,000. Hedge funds and other institutional investors own 55.32% of the company’s stock.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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