Royal Bank of Canada Issues Pessimistic Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price target reduced by stock analysts at Royal Bank of Canada from $131.00 to $100.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 50.20% from the company’s current price.

Several other equities research analysts have also recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Piper Sandler lifted their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Evercore ISI dropped their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $113.00 to $74.00 in a report on Friday. Finally, B. Riley assumed coverage on shares of Estée Lauder Companies in a report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price objective on the stock. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.18.

Estée Lauder Companies Stock Down 3.4 %

Estée Lauder Companies stock opened at $66.58 on Friday. The firm has a 50 day moving average price of $90.09 and a two-hundred day moving average price of $106.21. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.32. Estée Lauder Companies has a 52-week low of $63.36 and a 52-week high of $159.75. The firm has a market cap of $23.88 billion, a price-to-earnings ratio of 118.89, a PEG ratio of 1.21 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. Equities analysts predict that Estée Lauder Companies will post 2.95 EPS for the current year.

Insider Buying and Selling

In other Estée Lauder Companies 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 completion of the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds have recently modified their holdings of EL. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies in the 2nd quarter worth about $30,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies in the second quarter worth about $32,000. Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies in the second quarter valued at approximately $32,000. Crewe Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter valued at approximately $35,000. Finally, Larson Financial Group LLC boosted its holdings in Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 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.