Estée Lauder Companies (NYSE:EL) Price Target Raised to $98.00

Estée Lauder Companies (NYSE:EL) had its price target raised by Piper Sandler from $91.00 to $98.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. UBS Group boosted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday. Finally, Wells Fargo & Company increased their price objective on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $92.95.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $83.51 on Wednesday. The company has a market cap of $29.98 billion, a P/E ratio of 149.13, a price-to-earnings-growth ratio of 5.85 and a beta of 1.02. Estée Lauder Companies has a one year low of $62.29 and a one year high of $159.75. The business has a fifty day moving average of $76.82 and a two-hundred day moving average of $84.19. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts predict that Estée Lauder Companies will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently modified their holdings of EL. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies in the fourth quarter worth about $29,000. Eagle Bay Advisors LLC grew its holdings in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter valued at about $31,000. Finally, Kimelman & Baird LLC bought a new position in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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.