Estee Lauder Companies, Inc. (The) (NYSE:EL) has been given a $135.00 price objective by research analysts at Piper Jaffray Companies in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Piper Jaffray Companies’ price target indicates a potential upside of 20.74% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Telsey Advisory Group upped their target price on shares of Estee Lauder Companies, Inc. (The) from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Royal Bank Of Canada set a $115.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus upped their target price on shares of Estee Lauder Companies, Inc. (The) from $114.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. KeyCorp set a $115.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Bank of America Corporation upped their target price on shares of Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the company a “buy” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Estee Lauder Companies, Inc. (The) has an average rating of “Buy” and a consensus target price of $112.78.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Thursday, November 2nd. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS.

COPYRIGHT VIOLATION NOTICE: “Estee Lauder Companies, Inc. (The) (EL) Given a $135.00 Price Target by Piper Jaffray Companies Analysts” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/11/01/estee-lauder-companies-inc-the-el-given-a-135-00-price-target-by-piper-jaffray-companies-analysts.html.

In other news, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the firm’s 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 transaction, the director now owns 26,240 shares of the company’s stock, valued at approximately $2,765,958.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory Polcer sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 580,641 shares of company stock worth $61,605,635. Insiders own 16.24% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after purchasing an additional 633 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at about $147,000. Sun Life Financial INC boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 16,290.0% in the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 4.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after purchasing an additional 86 shares during the last quarter. 54.89% 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)

Receive News & Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.