Telsey Advisory Group reiterated their market perform rating on shares of Estée Lauder Companies (NYSE:EL – Free Report) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $76.00 price objective on the stock.
A number of other brokerages have also recently weighed in on EL. DA Davidson reiterated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research report on Wednesday, January 22nd. StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. UBS Group raised their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a report on Wednesday, October 16th. Finally, CICC Research started coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.95.
View Our Latest Stock Report on Estée Lauder Companies
Estée Lauder Companies Trading Up 3.8 %
Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, equities research analysts expect that Estée Lauder Companies will post 1.51 EPS for the current year.
Insider Activity at Estée Lauder Companies
In other news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 12.78% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Estée Lauder Companies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its holdings in shares of Estée Lauder Companies by 1,242.4% in the fourth quarter. Manchester Capital Management LLC now owns 3,356 shares of the company’s stock valued at $252,000 after buying an additional 3,106 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Estée Lauder Companies during the 4th quarter valued at approximately $1,153,000. Bank Pictet & Cie Europe AG lifted its position in Estée Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock worth $6,838,000 after acquiring an additional 4,690 shares during the period. Banque Pictet & Cie SA lifted its position in Estée Lauder Companies by 2.1% during the 4th quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company’s stock worth $115,322,000 after acquiring an additional 30,971 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Estée Lauder Companies by 13.0% in the 4th quarter. V Square Quantitative Management LLC now owns 6,594 shares of the company’s stock valued at $494,000 after purchasing an additional 757 shares during the last quarter. Hedge funds and other institutional investors 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.
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