Estée Lauder Companies (NYSE:EL) PT Lowered to $140.00

Estée Lauder Companies (NYSE:EL) had its target price cut by analysts at Barclays from $150.00 to $140.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 5.31% from the company’s previous close.

A number of other brokerages have also recently issued reports on EL. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Finally, Wells Fargo & Company lifted their price target on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Seventeen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Trading Down 1.5 %

Shares of NYSE EL opened at $132.94 on Friday. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64. The firm has a market capitalization of $47.66 billion, a P/E ratio of 74.69, a P/E/G ratio of 3.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. The company’s 50 day simple moving average is $145.88 and its 200 day simple moving average is $138.18.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. On average, analysts predict that Estée Lauder Companies will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at approximately $26,000. Riverview Trust Co bought a new stake in Estée Lauder Companies during the 1st quarter valued at $26,000. Hexagon Capital Partners LLC lifted its position in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Estée Lauder Companies by 1,900.0% during the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Estée Lauder Companies by 82.2% in the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares during the period. 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.