Estee Lauder Companies (NYSE:EL) had its target price raised by equities researchers at Oppenheimer from $130.00 to $148.00 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 9.74% from the company’s current price.
Several other analysts also recently issued reports on EL. DA Davidson started coverage on shares of Estee Lauder Companies in a research report on Wednesday, September 27th. They issued a “neutral” rating and a $115.00 price objective for the company. Bank of America increased their price objective on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, October 13th. KeyCorp set a $115.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Monday, October 16th. Stifel Nicolaus increased their price objective on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada set a $115.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $120.36.
Shares of Estee Lauder Companies (EL) opened at $134.87 on Tuesday. The stock has a market cap of $49,660.00, a P/E ratio of 36.45, a P/E/G ratio of 2.58 and a beta of 0.71. Estee Lauder Companies has a 1 year low of $79.12 and a 1 year high of $135.69. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company earned $0.85 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 14.3% on a year-over-year basis. analysts expect that Estee Lauder Companies will post 4.19 earnings per share for the current year.
In related news, CFO Tracey Thomas Travis sold 5,469 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $122.00, for a total transaction of $667,218.00. Following the transaction, the chief financial officer now directly owns 37,083 shares in the company, valued at $4,524,126. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Zannino sold 23,312 shares of the firm’s 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 transaction, the director now owns 14,000 shares in the company, valued at $1,669,220. The disclosure for this sale can be found here. Insiders have sold 1,566,381 shares of company stock worth $195,955,337 over the last 90 days. 16.24% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. lifted its stake in Estee Lauder Companies by 1.1% during the second quarter. Moors & Cabot Inc. now owns 3,825 shares of the company’s stock worth $365,000 after purchasing an additional 40 shares during the last quarter. Glenview Trust Co lifted its stake in Estee Lauder Companies by 1.5% during the second quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock worth $263,000 after purchasing an additional 41 shares during the last quarter. Williams Jones & Associates LLC increased its position in Estee Lauder Companies by 0.7% in the second quarter. Williams Jones & Associates LLC now owns 6,865 shares of the company’s stock worth $659,000 after buying an additional 45 shares during the period. Wealthsource Partners LLC increased its position in Estee Lauder Companies by 3.6% in the second quarter. Wealthsource Partners LLC now owns 3,092 shares of the company’s stock worth $297,000 after buying an additional 108 shares during the period. Finally, Gofen & Glossberg LLC IL increased its position in Estee Lauder Companies by 0.8% in the second quarter. Gofen & Glossberg LLC IL now owns 35,955 shares of the company’s stock worth $3,451,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 53.55% of the company’s stock.
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.