Estée Lauder Companies (NYSE:EL) Given New $64.00 Price Target at Barclays

Estée Lauder Companies (NYSE:EL) had its target price decreased by analysts at Barclays from $71.00 to $64.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 2.72% from the company’s current price.

EL has been the topic of several other research reports. Bank of America lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Wednesday. Piper Sandler upped their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $90.23.

Estée Lauder Companies Price Performance

EL stock opened at $65.79 on Thursday. The firm has a market cap of $23.62 billion, a P/E ratio of 117.49, a P/E/G ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The firm’s fifty day moving average is $77.05 and its 200 day moving average is $83.39.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts predict that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Paul J. Fribourg bought 77,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the acquisition, the director now owns 234,500 shares in the company, valued at $15,010,345. This represents a 49.36 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DJE Kapital AG acquired a new position in shares of Estée Lauder Companies in the 4th quarter worth approximately $16,335,000. Plato Investment Management Ltd boosted its stake in Estée Lauder Companies by 10.3% in the 4th quarter. Plato Investment Management Ltd now owns 10,198 shares of the company’s stock worth $767,000 after purchasing an additional 951 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $98,000. Jones Financial Companies Lllp increased its position in Estée Lauder Companies by 44.7% in the 4th quarter. Jones Financial Companies Lllp now owns 117,259 shares of the company’s stock worth $8,792,000 after purchasing an additional 36,211 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Estée Lauder Companies by 4,054.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,828 shares of the company’s stock worth $137,000 after acquiring an additional 1,784 shares in the last quarter. 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.