Estée Lauder Companies (NYSE:EL) Given “Buy” Rating at DA Davidson

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a note issued to investors on Monday,Benzinga reports. They presently have a $81.00 price objective on the stock. DA Davidson’s price target indicates a potential upside of 8.93% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a research note on Thursday, October 31st. Morgan Stanley lowered their price objective on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada decreased their price target on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $113.00 to $74.00 in a research note on Friday, November 1st. Finally, StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.57.

Estée Lauder Companies Trading Down 0.5 %

Shares of Estée Lauder Companies stock opened at $74.36 on Monday. Estée Lauder Companies has a 1-year low of $62.29 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 0.90. The stock has a market cap of $26.69 billion, a P/E ratio of 132.79, a P/E/G ratio of 5.33 and a beta of 1.05. The stock’s 50 day simple moving average is $76.39 and its 200-day simple moving average is $91.00.

Estée Lauder Companies (NYSE:EL) last issued its 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 business had revenue of $3.36 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the company earned $0.11 EPS. Analysts predict that Estée Lauder Companies will post 1.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 77,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $64.01 per share, with a total value 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 represents a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Kintegral Advisory LLC raised its stake in shares of Estée Lauder Companies by 5.7% in the 2nd quarter. Kintegral Advisory LLC now owns 5,784 shares of the company’s stock valued at $615,000 after acquiring an additional 310 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Estée Lauder Companies by 1.8% in the 2nd quarter. Whittier Trust Co. now owns 67,379 shares of the company’s stock valued at $7,169,000 after purchasing an additional 1,202 shares during the period. Financial Advocates Investment Management increased its position in shares of Estée Lauder Companies by 12.9% in the 2nd quarter. Financial Advocates Investment Management now owns 2,166 shares of the company’s stock valued at $230,000 after buying an additional 247 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Estée Lauder Companies by 1.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 23,897 shares of the company’s stock valued at $2,542,000 after purchasing an additional 237 shares in the last quarter. Finally, Banco Santander S.A. boosted its holdings in shares of Estée Lauder Companies by 44.1% in the 2nd quarter. Banco Santander S.A. now owns 2,341 shares of the company’s stock valued at $249,000 after buying an additional 716 shares during the last quarter. 55.15% of the stock is currently 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.