Estée Lauder Companies (NYSE:EL) Stock Rating Lowered by Citigroup

Estée Lauder Companies (NYSE:EL) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Thursday, Briefing.com reports. They currently have a $80.00 price objective on the stock, down from their prior price objective of $105.00. Citigroup’s price target indicates a potential downside of 8.20% from the company’s current price.

Several other analysts have also issued reports on EL. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday. UBS Group lowered 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 report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Thursday. Eighteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.77.

Estée Lauder Companies Trading Down 1.8 %

Estée Lauder Companies stock opened at $87.15 on Thursday. Estée Lauder Companies has a 52-week low of $82.39 and a 52-week high of $159.75. The company has a market cap of $31.25 billion, a P/E ratio of 48.96, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The business has a 50-day simple moving average of $91.08 and a two-hundred day simple moving average of $107.18.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts predict that Estée Lauder Companies will post 2.97 EPS for the current year.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 3,437 shares of the 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 sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Institutional Trading of Estée Lauder Companies

Several institutional investors and hedge funds have recently made changes to their positions in EL. Marshall Wace LLP increased its stake in Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after buying an additional 1,920,439 shares during the period. Jennison Associates LLC purchased a new position in shares of Estée Lauder Companies during the first quarter worth approximately $291,171,000. Vanguard Group Inc. raised its stake in shares of Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after acquiring an additional 1,250,555 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after purchasing an additional 1,078,926 shares during the period. Finally, Independent Franchise Partners LLP boosted its holdings in shares of Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after purchasing an additional 1,066,320 shares during the period. 55.15% of the stock is currently owned by institutional investors.

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, and powders, as well as compacts, brushes, and other makeup tools.