Estée Lauder Companies (NYSE:EL) Price Target Raised to $74.00 at Wells Fargo & Company

Estée Lauder Companies (NYSE:EL) had its price objective hoisted by investment analysts at Wells Fargo & Company from $72.00 to $74.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 1.91% from the stock’s current price.

Several other equities analysts also recently commented on EL. Piper Sandler upped their price objective on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Monday. CICC Research started coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target on the stock. Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Citigroup downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Finally, Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $96.50.

Estée Lauder Companies Trading Up 2.5 %

NYSE EL traded up $1.87 on Tuesday, hitting $75.44. 505,667 shares of the stock were exchanged, compared to its average volume of 2,396,417. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75. The firm has a market capitalization of $27.08 billion, a P/E ratio of 134.71, a P/E/G ratio of 5.33 and a beta of 1.02. The stock has a fifty day moving average price of $73.02 and a two-hundred day moving average price of $87.58.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS 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 firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts forecast that Estée Lauder Companies will post 1.46 EPS for the current fiscal year.

Insider Activity

In related news, Director Paul J. Fribourg purchased 77,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This represents a 49.36 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the second quarter worth about $32,000. Ashton Thomas Securities LLC purchased a new position in Estée Lauder Companies during the 3rd quarter worth approximately $31,000. Ecofi Investissements SA acquired a new stake in Estée Lauder Companies during the 2nd quarter valued at approximately $53,000. Rakuten Securities Inc. boosted its holdings in shares of Estée Lauder Companies by 752.9% in the 3rd quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after acquiring an additional 512 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after acquiring an additional 151 shares during the period. 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, and powders, as well as compacts, brushes, and other makeup tools.