Estée Lauder Companies (NYSE:EL) Price Target Raised to $74.00

Estée Lauder Companies (NYSE:EL) had its target price increased by Wells Fargo & Company from $72.00 to $74.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 0.34% from the company’s current price.

EL has been the subject of a number of other research reports. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Piper Sandler lifted their target price on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Thursday, October 31st. Finally, CICC Research assumed coverage on Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 price objective on the stock. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $96.50.

Estée Lauder Companies Stock Down 0.6 %

EL stock opened at $73.75 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market capitalization of $26.47 billion, a P/E ratio of 131.70, a P/E/G ratio of 5.33 and a beta of 1.02. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The business has a 50-day moving average of $72.46 and a 200-day moving average of $87.21.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. On average, sell-side analysts anticipate that Estée Lauder Companies will post 1.46 earnings per share for the current fiscal year.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 77,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This represents a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC raised its stake in Estée Lauder Companies by 30.2% in the fourth quarter. Partnership Wealth Management LLC now owns 13,931 shares of the company’s stock valued at $1,045,000 after purchasing an additional 3,235 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at approximately $525,000. Douglas Lane & Associates LLC lifted its stake in Estée Lauder Companies by 47.8% during the fourth quarter. Douglas Lane & Associates LLC now owns 509,393 shares of the company’s stock worth $38,194,000 after purchasing an additional 164,783 shares during the last quarter. Bard Financial Services Inc. boosted its holdings in shares of Estée Lauder Companies by 45.0% in the 4th quarter. Bard Financial Services Inc. now owns 26,020 shares of the company’s stock valued at $1,951,000 after purchasing an additional 8,070 shares in the last quarter. Finally, Centre Asset Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $8,585,000. 55.15% of the stock is owned by institutional investors and hedge funds.

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.