Estee Lauder Companies, Inc. (The) (NYSE:EL) had its target price lifted by research analysts at Bank of America Corporation from $115.00 to $122.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Bank of America Corporation’s price objective points to a potential upside of 11.43% from the company’s previous close.

Several other equities analysts have also commented on EL. DA Davidson began coverage on Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $115.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Citigroup Inc. reaffirmed an “outperform” rating and issued a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, September 20th. Macquarie began coverage on Estee Lauder Companies, Inc. (The) in a research note on Friday, September 15th. They issued an “outperform” rating and a $124.00 price target on the stock. Finally, Jefferies Group LLC upped their price target on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Estee Lauder Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $110.77.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.08. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share.

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In other news, Director Barry S. Sternlicht sold 10,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $106.30, for a total value of $1,063,000.00. Following the transaction, the director now owns 40,982 shares in the company, valued at approximately $4,356,386.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $105.41, for a total value of $210,820.00. Following the completion of the transaction, the director now owns 26,240 shares in the company, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 580,641 shares of company stock worth $61,605,635. 16.24% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Victory Capital Management Inc. increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 18.9% in the 1st quarter. Victory Capital Management Inc. now owns 23,445 shares of the company’s stock valued at $1,988,000 after acquiring an additional 3,720 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 14.3% in the 1st quarter. Teachers Advisors LLC now owns 1,109,225 shares of the company’s stock valued at $94,051,000 after acquiring an additional 138,911 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 33.0% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,471 shares of the company’s stock valued at $209,000 after acquiring an additional 613 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Estee Lauder Companies, Inc. (The) in the 1st quarter valued at about $509,000. Finally, Legal & General Group Plc increased its holdings in shares of Estee Lauder Companies, Inc. (The) by 8.2% in the 1st quarter. Legal & General Group Plc now owns 1,040,115 shares of the company’s stock valued at $88,193,000 after acquiring an additional 78,670 shares during the last quarter. Institutional investors and hedge funds own 54.59% of the company’s stock.

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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