Estee Lauder Companies (NYSE:EL) had its price target upped by investment analysts at BMO Capital Markets to $140.00 in a research note issued on Wednesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 3.73% from the company’s current price.
Several other brokerages also recently weighed in on EL. Wells Fargo & Co restated a “buy” rating and set a $150.00 price target on shares of Estee Lauder Companies in a report on Wednesday. Piper Jaffray Companies set a $144.00 price target on Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, January 22nd. CIBC restated an “outperform” rating and set a $148.00 price target (up previously from $130.00) on shares of Estee Lauder Companies in a report on Tuesday, January 23rd. Oppenheimer upped their price target on Estee Lauder Companies from $130.00 to $148.00 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $121.12.
Estee Lauder Companies (NYSE:EL) traded down $1.67 on Wednesday, reaching $134.96. The company had a trading volume of 2,009,139 shares, compared to its average volume of 1,472,007. 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 has a 1 year low of $79.35 and a 1 year high of $138.20. The firm has a market cap of $49,700.00, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.59 and a beta of 0.71.
In related news, VP Sara E. Moss sold 29,873 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $121.16, for a total value of $3,619,412.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Demsey sold 11,179 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $136.54, for a total value of $1,526,380.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,577,560 shares of company stock worth $197,481,718. Company insiders own 16.24% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in EL. Parkside Financial Bank & Trust lifted its position in Estee Lauder Companies by 126.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after acquiring an additional 633 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Estee Lauder Companies during the 4th quarter worth approximately $126,000. Cerebellum GP LLC acquired a new stake in Estee Lauder Companies during the 4th quarter worth approximately $130,000. Winslow Evans & Crocker Inc. lifted its position in Estee Lauder Companies by 2,750.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after acquiring an additional 1,100 shares during the period. Finally, Zions Bancorporation lifted its position in Estee Lauder Companies by 2,781.3% during the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock worth $198,000 after acquiring an additional 1,780 shares during the period. 53.69% of the stock is owned by hedge funds and other institutional investors.
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.
