Estee Lauder Companies’ (EL) Market Perform Rating Reaffirmed at Telsey Advisory Group

Estee Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $105.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential downside of 8.90% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Estee Lauder Companies from $124.00 to $128.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Estee Lauder Companies from $116.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Argus raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, November 11th. Jefferies Financial Group started coverage on Estee Lauder Companies in a research note on Wednesday, January 14th. They set a “hold” rating and a $110.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on Estee Lauder Companies from $95.00 to $111.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $103.00.

Estee Lauder Companies Trading Up 0.6%

NYSE:EL opened at $115.26 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.92 and a debt-to-equity ratio of 1.88. Estee Lauder Companies has a 1-year low of $48.37 and a 1-year high of $120.27. The firm has a market capitalization of $41.54 billion, a price-to-earnings ratio of -44.67, a PEG ratio of 1.35 and a beta of 1.15. The business’s 50-day moving average price is $106.98 and its two-hundred day moving average price is $96.40.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.17. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.38 billion. Estee Lauder Companies had a positive return on equity of 14.92% and a negative net margin of 6.44%.The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. On average, equities analysts expect that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Insider Transactions at Estee Lauder Companies

In other Estee Lauder Companies news, VP Meridith Webster sold 5,430 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total value of $476,971.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barry S. Sternlicht sold 3,972 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total value of $364,748.76. Following the transaction, the director directly owned 34,812 shares of the company’s stock, valued at approximately $3,196,785.96. This trade represents a 10.24% decrease in their position. The SEC filing for this sale provides additional information. 13.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Estee Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Estee Lauder Companies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company’s stock valued at $1,709,000 after acquiring an additional 1,177 shares during the last quarter. NewEdge Advisors LLC grew its stake in Estee Lauder Companies by 33.4% in the first quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock valued at $462,000 after purchasing an additional 1,749 shares in the last quarter. Empowered Funds LLC grew its stake in Estee Lauder Companies by 24.1% in the first quarter. Empowered Funds LLC now owns 4,619 shares of the company’s stock valued at $305,000 after purchasing an additional 898 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Estee Lauder Companies by 32.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,042 shares of the company’s stock worth $84,000 after purchasing an additional 255 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Estee Lauder Companies by 9.3% during the 2nd quarter. Signaturefd LLC now owns 1,815 shares of the company’s stock worth $147,000 after purchasing an additional 154 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.