Estee Lauder Companies (NYSE:EL) had its price objective increased by equities research analysts at Morgan Stanley from $139.00 to $147.00 in a research note issued on Monday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 9.46% from the stock’s current price.
EL has been the subject of a number of other reports. Macquarie raised their price objective on Estee Lauder Companies from $1.45 to $1.50 and gave the stock an “outperform” rating in a research report on Thursday, December 21st. Deutsche Bank began coverage on Estee Lauder Companies in a research report on Wednesday, December 13th. They set a “hold” rating and a $134.00 price objective for the company. Piper Jaffray Companies set a $135.00 price objective on Estee Lauder Companies and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus raised their price target on Estee Lauder Companies from $114.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $126.58.
Estee Lauder Companies (NYSE:EL) traded down $0.09 during trading hours on Monday, hitting $134.30. The company had a trading volume of 3,603,209 shares, compared to its average volume of 1,662,884. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. Estee Lauder Companies has a fifty-two week low of $81.69 and a fifty-two week high of $138.74. The firm has a market cap of $49,430.00, a price-to-earnings ratio of 46.66, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74.
In other Estee Lauder Companies news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of Estee Lauder Companies stock in a transaction that occurred 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 filing with the SEC, which is available through this link. Also, CFO Tracey Thomas Travis sold 7,616 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $122.00, for a total value of $929,152.00. Following the completion of the transaction, the chief financial officer now directly owns 29,467 shares in the company, valued at $3,594,974. The disclosure for this sale can be found here. Insiders sold a total of 1,496,825 shares of company stock worth $188,073,797 over the last three months. 16.24% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in Estee Lauder Companies 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 buying an additional 633 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Estee Lauder Companies in the 4th quarter valued at $126,000. Cerebellum GP LLC acquired a new stake in Estee Lauder Companies in the 4th quarter valued at $130,000. Winslow Evans & Crocker Inc. boosted its stake in Estee Lauder Companies by 2,750.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after buying an additional 1,100 shares in the last quarter. Finally, Zions Bancorporation boosted its stake in Estee Lauder Companies by 2,781.3% in the 3rd quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after buying an additional 1,780 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors.
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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.
