Estée Lauder Companies (NYSE:EL) Hits New 12-Month Low at $95.81

The Estée Lauder Companies Inc. (NYSE:EL)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $95.81 and last traded at $96.63, with a volume of 1270079 shares traded. The stock had previously closed at $99.61.

Analyst Ratings Changes

Several analysts recently commented on the company. DA Davidson reiterated a “buy” rating and issued a $191.00 target price on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Royal Bank of Canada upgraded Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and set a $131.00 price objective for the company in a report on Wednesday, July 24th. The Goldman Sachs Group lowered their target price on shares of Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Telsey Advisory Group restated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, July 24th. Finally, Bank of America cut their target price on Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $147.87.

Estée Lauder Companies Trading Down 2.5 %

The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $110.69 and a two-hundred day simple moving average of $130.70. The stock has a market cap of $34.81 billion, a PE ratio of 54.28, a PEG ratio of 1.83 and a beta of 0.99.

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

Insiders Place Their Bets

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the business’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 completion of the sale, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the company’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 transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the sale, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,255 shares of company stock valued at $5,453,232. 12.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TIAA Trust National Association boosted its holdings in Estée Lauder Companies by 20.1% in the fourth quarter. TIAA Trust National Association now owns 4,049 shares of the company’s stock worth $592,000 after acquiring an additional 679 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $271,000. UMB Bank n.a. raised its stake in Estée Lauder Companies by 132.6% during the 4th quarter. UMB Bank n.a. now owns 3,028 shares of the company’s stock worth $443,000 after acquiring an additional 1,726 shares during the period. GAM Holding AG lifted its stake in shares of Estée Lauder Companies by 11.2% during the 4th quarter. GAM Holding AG now owns 126,382 shares of the company’s stock valued at $18,483,000 after buying an additional 12,717 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its position in shares of Estée Lauder Companies by 20.0% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,422 shares of the company’s stock valued at $1,232,000 after acquiring an additional 1,406 shares in 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.