Citigroup Cuts Estée Lauder Companies (NYSE:EL) Price Target to $55.00

Estée Lauder Companies (NYSE:EL) had its target price dropped by investment analysts at Citigroup from $77.00 to $55.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential downside of 1.06% from the stock’s previous close.

EL has been the subject of several other reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Piper Sandler increased their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average price target of $83.48.

Estée Lauder Companies Trading Up 0.7 %

Shares of NYSE:EL traded up $0.36 during mid-day trading on Monday, hitting $55.59. The stock had a trading volume of 6,687,923 shares, compared to its average volume of 4,025,134. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. Estée Lauder Companies has a 12-month low of $48.37 and a 12-month high of $149.91. The company’s 50 day moving average is $66.37 and its 200-day moving average is $74.54. The company has a market cap of $19.96 billion, a PE ratio of -28.51, a P/E/G ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. On average, sell-side analysts predict that Estée Lauder Companies will post 1.36 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EL. Bard Financial Services Inc. acquired a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $1,789,000. World Investment Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the 3rd quarter worth about $1,555,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at about $199,000. Tidal Investments LLC lifted its holdings in shares of Estée Lauder Companies by 25.3% during the 3rd quarter. Tidal Investments LLC now owns 28,715 shares of the company’s stock valued at $2,863,000 after buying an additional 5,803 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Estée Lauder Companies by 47.5% in the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after buying an additional 45,687 shares in the last quarter. 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.