Estee Lauder Companies (NYSE:EL) had its price target boosted by analysts at Bank of America from $143.00 to $152.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Bank of America’s target price points to a potential upside of 13.18% from the stock’s previous close.
EL has been the subject of several other research reports. Argus boosted their target price on shares of Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Jefferies Group set a $140.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Friday, December 1st. Macquarie upped their price objective on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Tuesday, January 9th. Finally, BMO Capital Markets upped their price objective on shares of Estee Lauder Companies from $107.00 to $126.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $126.58.
Estee Lauder Companies (NYSE:EL) traded down $0.09 during trading on Monday, hitting $134.30. 3,603,209 shares of the company traded hands, compared to its average volume of 1,662,884. Estee Lauder Companies has a 1-year low of $81.69 and a 1-year high of $138.74. The stock has a market cap of $49,430.00, a price-to-earnings ratio of 46.66, a PEG ratio of 2.47 and a beta of 0.74. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74.
In other Estee Lauder Companies news, EVP Michael O’hare sold 26,203 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $133.40, for a total value of $3,495,480.20. Following the completion of the transaction, the executive vice president now owns 7,583 shares in the company, valued at approximately $1,011,572.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Demsey sold 11,179 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $136.54, for a total value of $1,526,380.66. Following the completion of the transaction, the insider now owns 23,898 shares of the company’s stock, valued at approximately $3,263,032.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,496,825 shares of company stock valued at $188,073,797. Corporate insiders own 16.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Parkside Financial Bank & Trust boosted its stake in shares of Estee Lauder Companies by 126.1% during 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 during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Estee Lauder Companies during the 4th quarter valued at approximately $126,000. Cerebellum GP LLC purchased a new position in shares of Estee Lauder Companies during the 4th quarter valued at approximately $130,000. Winslow Evans & Crocker Inc. boosted its stake in shares of 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 valued at $145,000 after buying an additional 1,100 shares during the last quarter. Finally, Zions Bancorporation boosted its stake in shares of Estee Lauder Companies by 2,781.3% during 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 during the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Estee Lauder Companies (EL) Price Target Raised to $152.00” was originally reported by American Banking and Market News and is the sole property of of American Banking and Market News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/02/05/estee-lauder-companies-el-price-target-raised-to-152-00.html.
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.
