Estée Lauder Companies (NYSE:EL) Cut to “Hold” at Hsbc Global Res

Estée Lauder Companies (NYSE:EL) was downgraded by Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group restated a “hold” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Piper Sandler boosted their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Evercore ISI decreased their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Stifel Nicolaus reduced their target price on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, DA Davidson reissued a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research report on Tuesday. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.36.

Estée Lauder Companies Price Performance

EL stock opened at $90.84 on Wednesday. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 51.03, a PEG ratio of 1.58 and a beta of 1.01. The company’s fifty day simple moving average is $91.68 and its 200 day simple moving average is $111.21. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. Estée Lauder Companies has a 12-month low of $82.39 and a 12-month high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the business posted $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EL. Tradewinds Capital Management LLC increased its position in shares of Estée Lauder Companies by 34.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. Haverford Trust Co lifted its holdings in shares of Estée Lauder Companies by 2.3% in the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after acquiring an additional 78 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after purchasing an additional 82 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Estée Lauder Companies by 11.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after purchasing an additional 90 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.