Piper Sandler Boosts Estée Lauder Companies (NYSE:EL) Price Target to $98.00

Estée Lauder Companies (NYSE:EL) had its price target raised by investment analysts at Piper Sandler from $91.00 to $98.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 14.71% from the company’s current price.

EL has been the subject of several other research reports. Morgan Stanley lowered their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. UBS Group raised their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Bank of America reduced their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday. Finally, Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.95.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $85.44 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The company has a market cap of $30.67 billion, a PE ratio of 152.56, a P/E/G ratio of 5.60 and a beta of 1.02. The business has a 50-day simple moving average of $76.45 and a two-hundred day simple moving average of $84.18. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, equities analysts expect that Estée Lauder Companies will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Large investors have recently bought and sold shares of the stock. Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter worth about $32,000. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies during the 3rd quarter worth about $31,000. Ameliora Wealth Management Ltd. purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $29,000. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth about $30,000. Finally, Eagle Bay Advisors LLC increased its holdings in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Hedge funds and other 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, and powders, as well as compacts, brushes, and other makeup tools.