Royal Bank Of Canada Reiterates “Outperform” Rating for Estee Lauder Companies (NYSE:EL)

Estee Lauder Companies (NYSE:EL)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,Benzinga reports. They currently have a $113.00 target price on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 5.22% from the stock’s previous close.

Several other research analysts also recently commented on the company. Evercore ISI raised their price objective on Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Zacks Research raised Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 16th. Citigroup raised their price target on Estee Lauder Companies from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Estee Lauder Companies from $124.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, UBS Group increased their target price on shares of Estee Lauder Companies from $105.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Estee Lauder Companies Price Performance

Shares of EL stock opened at $119.22 on Tuesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.32 and a quick ratio of 0.92. The company has a market capitalization of $42.96 billion, a P/E ratio of -46.21, a P/E/G ratio of 1.36 and a beta of 1.14. The company’s 50-day simple moving average is $108.98 and its two-hundred day simple moving average is $97.31. Estee Lauder Companies has a one year low of $48.37 and a one year high of $121.64.

Insider Transactions at Estee Lauder Companies

In other Estee Lauder Companies news, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total value of $364,748.76. Following the completion of the sale, the director directly owned 34,812 shares in the company, valued at $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Meridith Webster sold 5,430 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total value of $476,971.20. Additional details regarding this sale are available in the official SEC disclosure. 13.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Estee Lauder Companies by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock valued at $2,927,224,000 after buying an additional 1,043,746 shares during the last quarter. State Street Corp boosted its stake in Estee Lauder Companies by 2.4% in the 3rd quarter. State Street Corp now owns 11,118,587 shares of the company’s stock worth $979,770,000 after purchasing an additional 259,048 shares in the last quarter. Invesco Ltd. grew its position in Estee Lauder Companies by 13.7% during the 2nd quarter. Invesco Ltd. now owns 7,596,379 shares of the company’s stock worth $613,787,000 after purchasing an additional 914,594 shares during the last quarter. Bank of New York Mellon Corp grew its position in Estee Lauder Companies by 46.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,112,501 shares of the company’s stock worth $538,634,000 after purchasing an additional 1,937,107 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Estee Lauder Companies by 17.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,912,792 shares of the company’s stock valued at $475,710,000 after purchasing an additional 892,631 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.