Research analysts at Credit Suisse Group assumed coverage on shares of Estee Lauder Companies (NYSE:EL) in a report released on Monday, The Fly reports. The firm set an “outperform” rating on the stock.
Several other research analysts have also issued reports on EL. Bank of America raised their price target on shares of Estee Lauder Companies from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, March 5th. ValuEngine upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Royal Bank of Canada restated an “outperform” rating and set a $145.00 price target (down previously from $155.00) on shares of Estee Lauder Companies in a report on Monday, February 5th. Sanford C. Bernstein restated an “outperform” rating and set a $144.00 price target (up previously from $134.00) on shares of Estee Lauder Companies in a report on Monday, February 5th. Finally, KeyCorp restated a “buy” rating and set a $150.00 price target on shares of Estee Lauder Companies in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $130.17.
Estee Lauder Companies (NYSE:EL) traded up $0.32 during trading hours on Monday, reaching $145.37. 1,255,247 shares of the company traded hands, compared to its average volume of 1,822,355. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. Estee Lauder Companies has a twelve month low of $83.34 and a twelve month high of $145.97. The firm has a market cap of $53,350.00, a P/E ratio of 38.87, a PEG ratio of 2.56 and a beta of 0.69.
In other Estee Lauder Companies news, insider John Demsey sold 77,608 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tracey Thomas Travis sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $137.02, for a total transaction of $685,100.00. Following the sale, the chief financial officer now owns 24,467 shares of the company’s stock, valued at approximately $3,352,468.34. The disclosure for this sale can be found here. Insiders sold a total of 248,453 shares of company stock valued at $33,517,643 in the last quarter. 16.24% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd bought a new stake in Estee Lauder Companies during the 4th quarter valued at $126,000. Cerebellum GP LLC purchased a new position in Estee Lauder Companies during the 4th quarter worth $130,000. CNB Bank purchased a new position in Estee Lauder Companies during the 4th quarter worth $141,000. Winslow Evans & Crocker Inc. boosted its holdings 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 last quarter. Finally, We Are One Seven LLC purchased a new position in Estee Lauder Companies during the 4th quarter worth $160,000. Institutional investors and hedge funds own 54.10% of the company’s stock.
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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.
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