Estée Lauder Companies (NYSE:EL) Price Target Cut to $140.00

Estée Lauder Companies (NYSE:EL) had its price target cut by analysts at Bank of America from $170.00 to $140.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 36.31% from the stock’s current price.

Several other brokerages have also commented on EL. DA Davidson reissued a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Morgan Stanley lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. JPMorgan Chase & Co. reduced their target price on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $155.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday, May 1st. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $157.63.

Estée Lauder Companies Stock Performance

NYSE EL traded down $1.50 on Wednesday, hitting $102.71. 1,641,645 shares of the company’s stock were exchanged, compared to its average volume of 2,787,531. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The firm’s 50-day moving average price is $120.96 and its two-hundred day moving average price is $135.25. Estée Lauder Companies has a fifty-two week low of $102.16 and a fifty-two week high of $196.04. The firm has a market cap of $36.83 billion, a price-to-earnings ratio of 57.62, a P/E/G ratio of 1.76 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that Estée Lauder Companies will post 2.22 EPS for the current year.

Insider Activity at Estée Lauder Companies

In related news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the transaction, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The disclosure for this sale can be found here. Insiders have sold 42,255 shares of company stock worth $5,453,232 over the last quarter. 12.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Several large investors have recently made changes to their positions in EL. Rakuten Securities Inc. acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth $26,000. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies during the 1st quarter worth about $26,000. Hexagon Capital Partners LLC raised its stake in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the 1st quarter valued at approximately $35,000. Finally, Sunbelt Securities Inc. raised its holdings in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.