Berenberg Bank Downgrades Estee Lauder Companies (EL) to Hold

Estee Lauder Companies (NYSE:EL) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $150.00 target price on the stock. Berenberg Bank’s price target would indicate a potential downside of 0.89% from the stock’s previous close.

Several other research firms have also recently issued reports on EL. Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Friday, January 18th. Wells Fargo & Co cut their price objective on shares of Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, October 17th. Raymond James raised their price objective on shares of Estee Lauder Companies from $151.00 to $154.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Citigroup cut their price objective on shares of Estee Lauder Companies to $149.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Finally, ValuEngine cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. Estee Lauder Companies has a consensus rating of “Buy” and an average price target of $153.43.

EL traded down $0.67 during midday trading on Wednesday, hitting $151.35. 1,086,436 shares of the company traded hands, compared to its average volume of 2,445,760. The company has a quick ratio of 1.28, a current ratio of 1.75 and a debt-to-equity ratio of 0.76. The company has a market cap of $49.41 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.32 and a beta of 0.65. Estee Lauder Companies has a 52-week low of $121.47 and a 52-week high of $158.80.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.20. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. On average, research analysts forecast that Estee Lauder Companies will post 4.85 EPS for the current year.

In other news, insider John Demsey sold 11,179 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $136.02, for a total transaction of $1,520,567.58. Following the completion of the sale, the insider now owns 10,288 shares in the company, valued at approximately $1,399,373.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carl P. Haney sold 12,898 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $141.38, for a total transaction of $1,823,519.24. The disclosure for this sale can be found here. Insiders sold 275,217 shares of company stock valued at $39,081,561 in the last quarter. 16.13% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. increased its holdings in shares of Estee Lauder Companies by 215.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 369 shares of the company’s stock valued at $48,000 after acquiring an additional 252 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Estee Lauder Companies by 6,015.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock valued at $53,000 after acquiring an additional 6,784,090 shares during the period. JCIC Asset Management Inc. increased its holdings in shares of Estee Lauder Companies by 19.9% in the 4th quarter. JCIC Asset Management Inc. now owns 488 shares of the company’s stock valued at $63,000 after acquiring an additional 81 shares during the period. CWM LLC increased its holdings in shares of Estee Lauder Companies by 200.6% in the 4th quarter. CWM LLC now owns 511 shares of the company’s stock valued at $66,000 after acquiring an additional 341 shares during the period. Finally, Highwater Wealth Management LLC acquired a new position in shares of Estee Lauder Companies in the 4th quarter valued at $89,000. Institutional investors and hedge funds own 54.38% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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