Estée Lauder Companies (NYSE:EL) Stock Rating Reaffirmed by DA Davidson

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $130.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 41.91% from the stock’s current price.

EL has been the subject of several other research reports. Barclays cut their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. UBS Group reduced their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, Morgan Stanley decreased their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $120.27.

Estée Lauder Companies Trading Down 0.4 %

Estée Lauder Companies stock opened at $91.61 on Tuesday. Estée Lauder Companies has a 1 year low of $82.39 and a 1 year high of $159.75. The firm’s 50 day moving average price is $92.45 and its 200-day moving average price is $116.92. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The stock has a market cap of $32.86 billion, a P/E ratio of 51.47, a PEG ratio of 1.46 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the firm posted $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Estée Lauder Companies will post 2.97 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds and other institutional investors have recently modified their holdings of EL. Vanguard Group Inc. grew its stake in Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after buying an additional 1,066,320 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Estée Lauder Companies by 4.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock worth $487,612,000 after buying an additional 140,416 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Estée Lauder Companies by 12.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company’s stock worth $315,262,000 after acquiring an additional 318,257 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

About Estée Lauder Companies

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.