Estée Lauder Companies (NYSE:EL) Stock Rating Lowered by JPMorgan Chase & Co.

Estée Lauder Companies (NYSE:EL) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $74.00 price target on the stock, down from their previous price target of $113.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 11.14% from the company’s current price.

A number of other research analysts have also recently commented on the stock. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Wednesday, October 16th. Canaccord Genuity Group restated a “hold” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. B. Riley initiated coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target for the company. DA Davidson restated a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, October 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a research report on Thursday. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $104.18.

Estée Lauder Companies Stock Down 3.4 %

Shares of NYSE EL opened at $66.58 on Friday. The company has a market cap of $23.88 billion, a P/E ratio of 118.89, a PEG ratio of 1.21 and a beta of 1.05. The firm has a 50-day simple moving average of $90.09 and a two-hundred day simple moving average of $106.21. Estée Lauder Companies has a 1 year low of $63.36 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during 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%. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. Research analysts anticipate that Estée Lauder Companies will post 2.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of large investors have recently made changes to their positions in EL. Vanguard Group Inc. boosted its position in Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after buying an additional 1,250,555 shares during the last quarter. Van ECK Associates Corp lifted its stake in Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the period. Independent Franchise Partners LLP boosted its holdings in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after acquiring an additional 1,066,320 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Estée Lauder Companies by 4.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after acquiring an additional 140,416 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares during the period. 55.15% of the stock is owned by hedge funds and other 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, and powders, as well as compacts, brushes, and other makeup tools.