Estée Lauder Companies (NYSE:EL) Price Target Raised to $80.00 at Wells Fargo & Company

Estée Lauder Companies (NYSE:EL) had its target price lifted by equities researchers at Wells Fargo & Company from $74.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 4.21% from the company’s previous close.

Several other research firms also recently weighed in on EL. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus lowered 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, October 31st. Piper Sandler upped their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada cut their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and an average price target of $92.95.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock opened at $83.51 on Thursday. The stock has a market capitalization of $29.98 billion, a P/E ratio of 149.13, a PEG ratio of 5.85 and a beta of 1.02. The business has a 50 day simple moving average of $76.82 and a two-hundred day simple moving average of $84.19. Estée Lauder Companies has a 12 month low of $62.29 and a 12 month high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the company earned $0.11 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, analysts predict that Estée Lauder Companies will post 1.49 EPS for the current fiscal year.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the period. Van ECK Associates Corp raised its position in Estée Lauder Companies by 23.6% in the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock valued at $374,630,000 after purchasing an additional 954,493 shares in the last quarter. Geode Capital Management LLC raised its position in Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after purchasing an additional 70,307 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Estée Lauder Companies by 80.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after buying an additional 1,310,900 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

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