Estee Lauder Companies (NYSE:EL – Get Free Report) had its target price raised by investment analysts at Citigroup from $121.00 to $132.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup‘s price objective suggests a potential upside of 17.13% from the company’s current price.
Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Estee Lauder Companies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, November 3rd. Daiwa Securities Group upped their target price on shares of Estee Lauder Companies from $83.00 to $99.00 in a research note on Tuesday, August 25th. Royal Bank Of Canada increased their price target on shares of Estee Lauder Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. CICC Research upgraded shares of Estee Lauder Companies from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $65.00 to $122.00 in a research note on Monday, August 31st. Finally, Wall Street Zen raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Estee Lauder Companies currently has a consensus rating of “Moderate Buy” and an average price target of $110.73.
View Our Latest Analysis on EL
Estee Lauder Companies Stock Performance
Shares of NYSE EL traded down $0.46 during trading hours on Tuesday, reaching $112.70. The stock had a trading volume of 1,897,102 shares, compared to its average volume of 3,810,539. The company has a market cap of $40.77 billion, a price-to-earnings ratio of 112.70, a PEG ratio of 1.51 and a beta of 1.23. Estee Lauder Companies has a twelve month low of $66.22 and a twelve month high of $121.64. The business’s fifty day moving average is $100.93 and its two-hundred day moving average is $91.71. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.25 and a quick ratio of 0.90.
Estee Lauder Companies (NYSE:EL – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.65 billion. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. As a group, research analysts expect that Estee Lauder Companies will post 3.43 EPS for the current year.
Insider Activity
In other Estee Lauder Companies news, Director Barry S. Sternlicht sold 4,697 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $108.63, for a total transaction of $510,235.11. Following the sale, the director directly owned 34,812 shares of the company’s stock, valued at approximately $3,781,627.56. This represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg sold 70,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $110.21, for a total transaction of $7,714,700.00. Following the sale, the director directly owned 326,328 shares of the company’s stock, valued at approximately $35,964,608.88. The trade was a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 170,774 shares of company stock valued at $17,996,564. Company insiders own 11.54% of the company’s stock.
Institutional Investors Weigh In On Estee Lauder Companies
A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Estee Lauder Companies by 950.9% in the first 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. Ninety One UK Ltd acquired a new stake in Estee Lauder Companies in the third quarter worth $134,551,000. KBC Group NV boosted its position in shares of Estee Lauder Companies by 910.3% during the first quarter. KBC Group NV now owns 707,692 shares of the company’s stock worth $50,792,000 after purchasing an additional 637,641 shares in the last quarter. Amundi boosted its position in shares of Estee Lauder Companies by 33.8% during the first quarter. Amundi now owns 1,909,911 shares of the company’s stock worth $137,074,000 after purchasing an additional 482,185 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Estee Lauder Companies by 1,629.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 412,570 shares of the company’s stock valued at $32,572,000 after buying an additional 388,711 shares during the period. 55.15% of the stock is currently owned by institutional investors.
Estee Lauder Companies News Summary
Here are the key news stories impacting Estee Lauder Companies this week:
- Positive Sentiment: Estée Lauder’s China business is showing signs of improvement, and analysts see further potential as the company works to grow sales and margins. That outlook may reinforce confidence in its turnaround. Estee Lauder’s China Business Is Looking Good. That Helps Its Turnaround.
- Positive Sentiment: The company also recently introduced a “Mastering Skin Longevity” skincare platform, a product initiative that could support its innovation and growth efforts. Estée Lauder Companies Unveils Mastering Skin Longevity Platform
- Neutral Sentiment: Analyst views remain mixed overall, though the reported consensus is “Moderate Buy.” Recent target increases and positive ratings offer support, while numerous Hold ratings suggest investors may still want clearer evidence of a sustained recovery. Estée Lauder Stock: Is Wall Street Bullish or Bearish?
- Negative Sentiment: Director Paul Fribourg disclosed sales totaling about 91,000 shares across two transactions in early November. Insider selling can weigh on sentiment, although it does not necessarily signal a view on the company’s future performance. Director Paul Fribourg Sells 20,972 Shares
About Estee Lauder Companies
The Estée Lauder Companies Inc. is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London. The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.
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