Estee Lauder Companies (NYSE:EL) had its price objective increased by stock analysts at Wells Fargo & Co from $135.00 to $145.00 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the stock. Wells Fargo & Co’s price objective would suggest a potential upside of 11.87% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Oppenheimer restated a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a report on Wednesday, September 20th. Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank of Canada set a $115.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus upped their price target on Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, KeyCorp set a $115.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, October 16th. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $115.16.
Estee Lauder Companies (EL) opened at $129.62 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. Estee Lauder Companies has a 52-week low of $76.34 and a 52-week high of $130.36. The stock has a market capitalization of $47,730.00, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 2.46 and a beta of 0.71.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. sell-side analysts forecast that Estee Lauder Companies will post 4.17 earnings per share for the current fiscal year.
In related news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total value of $71,670,269.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Zannino sold 23,312 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $119.23, for a total value of $2,779,489.76. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at $1,669,220. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,566,381 shares of company stock worth $195,955,337. Corporate insiders own 16.24% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of EL. Acrospire Investment Management LLC raised its position in Estee Lauder Companies by 2,291.7% in the second 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 period. Parkside Financial Bank & Trust raised its position in Estee Lauder Companies by 126.1% in the third 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 period. Sun Life Financial INC raised its position in Estee Lauder Companies by 16,290.0% in the second 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 period. Zions Bancorporation raised its position in Estee Lauder Companies by 2,781.3% in the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after purchasing an additional 1,780 shares during the period. Finally, Associated Banc Corp purchased a new position in Estee Lauder Companies in the second quarter valued at about $202,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies Company Profile
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.