Equities researchers at Macquarie began coverage on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm set an “outperform” rating and a $124.00 price target on the stock. Macquarie’s target price would indicate a potential upside of 13.05% from the stock’s current price.

Other analysts have also issued reports about the stock. Bank of America Corporation lifted their price target on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Stifel Nicolaus set a $108.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $110.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $109.41.

Shares of Estee Lauder Companies, Inc. (NYSE EL) traded down 0.29% during midday trading on Friday, reaching $109.69. 1,896,840 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $103.91 and a 200-day moving average of $94.07. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $110.99. The stock has a market capitalization of $40.36 billion, a P/E ratio of 32.74 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Friday, August 18th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts anticipate that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

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In related news, VP Sara E. Moss sold 14,552 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Fabrizio Freda sold 14,724 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $108.39, for a total transaction of $1,595,934.36. Following the sale, the insider now directly owns 73,174 shares in the company, valued at approximately $7,931,329.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 568,791 shares of company stock worth $60,070,365. 16.98% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its stake in Estee Lauder Companies, Inc. (The) by 3.5% during the second quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock valued at $31,060,000 after purchasing an additional 10,921 shares in the last quarter. Comgest Global Investors S.A.S. purchased a new stake in Estee Lauder Companies, Inc. (The) during the second quarter valued at $2,266,000. Nicolet Bankshares Inc. purchased a new stake in Estee Lauder Companies, Inc. (The) during the second quarter valued at $289,000. Lloyds Banking Group plc raised its stake in Estee Lauder Companies, Inc. (The) by 1.4% during the second quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock valued at $181,000 after purchasing an additional 26 shares in the last quarter. Finally, Vontobel Asset Management Inc. raised its stake in Estee Lauder Companies, Inc. (The) by 29.9% during the second quarter. Vontobel Asset Management Inc. now owns 411,482 shares of the company’s stock valued at $39,495,000 after purchasing an additional 94,629 shares in the last quarter. 54.63% of the stock is currently owned by institutional investors.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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