Estee Lauder Companies (NYSE:EL) had its target price raised by research analysts at DA Davidson to $131.00 in a research report issued on Tuesday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential downside of 2.46% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $145.00 price objective (down from $155.00) on shares of Estee Lauder Companies in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating and set a $144.00 price objective (up from $134.00) on shares of Estee Lauder Companies in a research note on Monday. Piper Jaffray Companies restated a “buy” rating and set a $145.00 price objective on shares of Estee Lauder Companies in a research note on Monday. Morgan Stanley lifted their price objective on shares of Estee Lauder Companies from $139.00 to $147.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Bank of America lifted their price objective on shares of Estee Lauder Companies from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $126.83.
Shares of Estee Lauder Companies (NYSE:EL) opened at $134.30 on Tuesday. The firm has a market cap of $49,450.00, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 2.47 and a beta of 0.74. Estee Lauder Companies has a 12-month low of $81.69 and a 12-month high of $138.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76.
In other Estee Lauder Companies news, insider John Demsey sold 11,179 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $136.54, for a total transaction of $1,526,380.66. Following the completion of the transaction, the insider now directly owns 23,898 shares in the company, valued at $3,263,032.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $125.53, for a total transaction of $71,552,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,489,209 shares of company stock valued at $187,144,645. Company insiders own 16.24% of the company’s stock.
Large investors have recently bought and sold shares of the business. American Beacon Advisors Inc. purchased a new stake in shares of Estee Lauder Companies during the first quarter worth $100,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Estee Lauder Companies during the second quarter worth $110,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Estee Lauder Companies during the third quarter worth $110,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Estee Lauder Companies by 36.3% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after buying an additional 346 shares in the last quarter. Finally, Israel Discount Bank of New York purchased a new stake in shares of Estee Lauder Companies during the first quarter worth $110,000. Institutional investors own 54.40% 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.
