Jefferies Group Analysts Give Estee Lauder Companies (EL) a $148.00 Price Target
Estee Lauder Companies (NYSE:EL) has been given a $148.00 target price by stock analysts at Jefferies Group in a report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 12.07% from the stock’s previous close.
A number of other research firms have also weighed in on EL. Zacks Investment Research raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Tuesday, January 9th. Wells Fargo & Co boosted their target price on Estee Lauder Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Deutsche Bank assumed coverage on Estee Lauder Companies in a research note on Wednesday, December 13th. They issued a “hold” rating and a $134.00 target price for the company. Macquarie boosted their target price on Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a research note on Thursday, December 21st. Finally, KeyCorp reissued an “overweight” rating and issued a $135.00 target price (up previously from $115.00) on shares of Estee Lauder Companies in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $117.67.
Shares of Estee Lauder Companies (EL) traded up $3.40 during mid-day trading on Wednesday, reaching $132.06. The company’s stock had a trading volume of 1,611,370 shares, compared to its average volume of 1,513,534. 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 $78.36 and a 52-week high of $132.59. The company has a market capitalization of $48,630.00, a price-to-earnings ratio of 35.69, a P/E/G ratio of 2.47 and a beta of 0.71.
Estee Lauder Companies (NYSE:EL) last issued its quarterly 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. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. equities analysts expect that Estee Lauder Companies will post 4.17 earnings per share for the current fiscal year.
In other Estee Lauder Companies news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total transaction of $71,670,269.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Demsey sold 77,608 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the completion of the sale, the insider now owns 23,305 shares in the company, valued at approximately $2,971,853.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,566,381 shares of company stock worth $195,955,337 in the last quarter. Company insiders own 16.24% of the company’s stock.
Several institutional investors have recently bought and sold shares of EL. Braun Stacey Associates lifted its position in Estee Lauder Companies by 475.4% in the 3rd quarter. Braun Stacey Associates now owns 16,571 shares of the company’s stock valued at $1,337,000 after acquiring an additional 13,691 shares in the last quarter. Terra Nova Asset Management lifted its position in Estee Lauder Companies by 14.2% in the 3rd quarter. Terra Nova Asset Management now owns 4,813 shares of the company’s stock valued at $388,000 after acquiring an additional 600 shares in the last quarter. KBC Group lifted its position in Estee Lauder Companies by 41.4% in the 3rd quarter. KBC Group now owns 54,132 shares of the company’s stock valued at $4,368,000 after acquiring an additional 15,856 shares in the last quarter. Park National lifted its position in Estee Lauder Companies by 34.3% in the 4th quarter. Park National now owns 8,896 shares of the company’s stock valued at $783,000 after acquiring an additional 2,272 shares in the last quarter. Finally, Osborn Rohs Williams & Donohoe lifted its position in Estee Lauder Companies by 10.7% in the 4th quarter. Osborn Rohs Williams & Donohoe now owns 11,874 shares of the company’s stock valued at $1,046,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors own 53.65% of the company’s stock.
About Estee Lauder Companies
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.
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