Estée Lauder Companies’ (EL) Buy Rating Reaffirmed at DA Davidson

Estée Lauder Companies (NYSE:ELGet Free Report)‘s stock had its “buy” rating reissued by stock analysts at DA Davidson in a research note issued on Wednesday,Benzinga reports. They currently have a $81.00 target price on the stock. DA Davidson’s target price points to a potential upside of 23.12% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Wednesday, October 16th. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday. Canaccord Genuity Group reduced their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday. Morgan Stanley decreased their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut their price objective on 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. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $90.55.

Check Out Our Latest Analysis on Estée Lauder Companies

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock traded down $3.68 during trading hours on Wednesday, reaching $65.79. The company’s stock had a trading volume of 11,894,387 shares, compared to its average volume of 4,281,980. Estée Lauder Companies has a one year low of $62.29 and a one year high of $159.54. The company’s 50 day simple moving average is $77.22 and its 200 day simple moving average is $83.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The stock has a market cap of $23.62 billion, a P/E ratio of 117.49, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03.

Estée Lauder Companies (NYSE:ELGet Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts expect that Estée Lauder Companies will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 77,500 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peterson Wealth Services raised its holdings in shares of Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock valued at $113,000 after buying an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Estée Lauder Companies by 42.1% in the fourth 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. Blue Trust Inc. raised its position in Estée Lauder Companies by 8.7% in the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Estée Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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