Stifel Nicolaus Cuts Estée Lauder Companies (NYSE:EL) Price Target to $77.00

Estée Lauder Companies (NYSE:EL) had its price objective lowered by stock analysts at Stifel Nicolaus from $81.00 to $77.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.72% from the company’s current price.

EL has been the subject of several other research reports. Bank of America dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Piper Sandler raised their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Barclays lifted their price objective on Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $90.55.

Estée Lauder Companies Price Performance

EL stock traded down $4.06 during midday trading on Wednesday, reaching $65.41. The company had a trading volume of 5,806,573 shares, compared to its average volume of 4,004,934. The firm has a 50-day moving average price of $77.22 and a 200-day moving average price of $83.52. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $159.54. 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 company has a market capitalization of $23.48 billion, a P/E ratio of 116.85, a P/E/G ratio of 5.89 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter last year, the firm earned $0.88 EPS. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, research analysts anticipate that Estée Lauder Companies will post 1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg purchased 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its stake in Estée Lauder Companies by 24.5% during the second quarter. Cetera Investment Advisers now owns 31,051 shares of the company’s stock worth $3,304,000 after acquiring an additional 6,102 shares during the last quarter. Czech National Bank raised its stake in Estée Lauder Companies by 6.9% in the third quarter. Czech National Bank now owns 47,469 shares of the company’s stock worth $4,732,000 after buying an additional 3,065 shares in the last quarter. CWM LLC raised its stake in shares of Estée Lauder Companies by 28.7% during the 3rd quarter. CWM LLC now owns 4,930 shares of the company’s stock worth $491,000 after acquiring an additional 1,099 shares in the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new stake in Estée Lauder Companies in the third quarter worth about $14,589,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Estée Lauder Companies by 294.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,010 shares of the company’s stock worth $200,000 after acquiring an additional 1,500 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.