Estee Lauder Companies (NYSE:EL) Price Target Raised to $88.00

Estee Lauder Companies (NYSE:EL) had its target price raised by Jefferies Financial Group from $80.00 to $88.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts have also issued research reports about the company. Citigroup lifted their price objective on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Barclays upped their target price on Estee Lauder Companies from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wall Street Zen cut Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Canaccord Genuity Group lifted their price target on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Zacks Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $96.95.

Estee Lauder Companies Stock Up 1.0%

NYSE EL opened at $85.00 on Tuesday. Estee Lauder Companies has a twelve month low of $66.22 and a twelve month high of $121.64. The stock has a market cap of $30.75 billion, a PE ratio of -121.43, a PEG ratio of 0.65 and a beta of 1.27. The firm has a 50-day simple moving average of $84.19 and a 200 day simple moving average of $89.53. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.25. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.69 billion. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. On average, research analysts forecast that Estee Lauder Companies will post 2.41 EPS for the current year.

Institutional Trading of Estee Lauder Companies

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Estee Lauder Companies by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock valued at $2,927,224,000 after acquiring an additional 1,043,746 shares during the period. Bank of America Corp DE boosted its stake in shares of Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. State Street Corp grew its holdings in shares of Estee Lauder Companies by 4.2% in the 4th quarter. State Street Corp now owns 11,585,782 shares of the company’s stock worth $1,213,263,000 after purchasing an additional 467,195 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Estee Lauder Companies by 185.3% in the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock worth $861,596,000 after purchasing an additional 5,286,875 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its position in shares of Estee Lauder Companies by 1.1% during the 4th quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock worth $820,717,000 after purchasing an additional 83,857 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.