Estée Lauder Companies (NYSE:EL) Price Target Raised to $80.00

Estée Lauder Companies (NYSE:EL) had its price target lifted by Wells Fargo & Company from $74.00 to $80.00 in a research report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts have also issued reports about the stock. The Goldman Sachs Group cut their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday. Bank of America decreased their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays increased their price target on Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.95.

Estée Lauder Companies Price Performance

Shares of EL opened at $85.44 on Thursday. The firm has a fifty day simple moving average of $76.45 and a two-hundred day simple moving average of $84.18. The firm has a market cap of $30.67 billion, a PE ratio of 152.56, a P/E/G ratio of 5.85 and a beta of 1.02. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities analysts anticipate that Estée Lauder Companies will post 1.49 EPS for the current year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 75,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares in the company, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies during the 3rd quarter valued at about $31,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $30,000. Eagle Bay Advisors LLC grew its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

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.