Estée Lauder Companies (NYSE:EL) Rating Lowered to Market Perform at Raymond James

Estée Lauder Companies (NYSE:EL) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to a “market perform” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

Several other research analysts have also recently weighed in on the company. Morgan Stanley cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. Barclays decreased their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. UBS Group upgraded Estée Lauder Companies to a “hold” rating in a research report on Friday, July 12th. DA Davidson reiterated a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a research report on Monday, July 15th. Finally, Bernstein Bank increased their price target on Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. Seventeen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $149.63.

Estée Lauder Companies Price Performance

Shares of EL opened at $99.96 on Monday. The stock’s fifty day moving average is $114.76 and its 200-day moving average is $132.24. Estée Lauder Companies has a one year low of $95.87 and a one year high of $183.20. The firm has a market capitalization of $35.84 billion, a price-to-earnings ratio of 56.16, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Estée Lauder Companies will post 2.21 EPS for the current year.

Insider Transactions at Estée Lauder Companies

In related news, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the transaction, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the transaction, the chief financial officer now directly owns 47,248 shares in the company, valued at $6,412,971.04. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last three months. Corporate insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EL. Rakuten Securities Inc. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in Estée Lauder Companies in the 1st quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its holdings in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Estée Lauder Companies in the 1st quarter valued at approximately $35,000. Finally, ICA Group Wealth Management LLC acquired a new stake in Estée Lauder Companies in the 4th quarter valued at approximately $41,000. 55.15% of the stock is owned by institutional investors.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.