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

Estée Lauder Companies (NYSE:EL) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a $125.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 87.74% from the company’s previous close.

EL has been the topic of several other reports. Evercore ISI lowered their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $131.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Piper Sandler lifted their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $100.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $104.18.

Estée Lauder Companies Trading Down 3.4 %

Shares of Estée Lauder Companies stock opened at $66.58 on Thursday. Estée Lauder Companies has a 1 year low of $63.36 and a 1 year high of $159.75. 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 business has a 50 day moving average price of $90.09 and a 200 day moving average price of $106.42. The company has a market capitalization of $23.88 billion, a P/E ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Estée Lauder Companies will post 2.95 EPS for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the firm’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 sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds have recently bought and sold shares of the business. Assetmark Inc. grew its holdings in Estée Lauder Companies by 23.7% during the 3rd quarter. Assetmark Inc. now owns 34,316 shares of the company’s stock worth $3,421,000 after acquiring an additional 6,569 shares in the last quarter. Markel Group Inc. bought a new position in shares of Estée Lauder Companies during the third quarter worth about $1,396,000. Rovin Capital UT ADV grew its stake in Estée Lauder Companies by 49.5% in the third quarter. Rovin Capital UT ADV now owns 6,996 shares of the company’s stock worth $697,000 after purchasing an additional 2,315 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. grew its stake in Estée Lauder Companies by 3.9% in the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 11,967 shares of the company’s stock worth $1,193,000 after purchasing an additional 449 shares in the last quarter. Finally, AIA Group Ltd raised its stake in Estée Lauder Companies by 4.9% during the third quarter. AIA Group Ltd now owns 8,500 shares of the company’s stock valued at $847,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds 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.