DA Davidson Reiterates Buy Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They presently have a $130.00 price objective on the stock. DA Davidson’s price target indicates a potential upside of 38.62% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. B. Riley assumed coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday. The Goldman Sachs Group reduced their target price on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Citigroup reduced their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, UBS Group reduced their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $121.00.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $0.66 during midday trading on Tuesday, reaching $93.78. 1,587,160 shares of the stock were exchanged, compared to its average volume of 3,190,905. The firm has a market cap of $33.63 billion, a PE ratio of 52.69, a PEG ratio of 1.58 and a beta of 1.01. Estée Lauder Companies has a 52 week low of $82.39 and a 52 week high of $159.75. The company’s fifty day moving average is $91.73 and its 200-day moving average is $111.79. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm 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, sell-side analysts forecast that Estée Lauder Companies will post 2.97 EPS for the current year.

Insider Activity at Estée Lauder Companies

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its holdings in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Estée Lauder Companies during the first quarter worth about $291,171,000. Vanguard Group Inc. increased its stake in Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares in the last quarter. Independent Franchise Partners LLP increased its position in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after acquiring an additional 1,066,320 shares during the period. Finally, Swedbank AB acquired a new position in shares of Estée Lauder Companies in the first quarter valued at about $82,664,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.