Estée Lauder Companies (NYSE:EL) Price Target Cut to $108.00

Estée Lauder Companies (NYSE:EL) had its price objective lowered by research analysts at Deutsche Bank Aktiengesellschaft from $132.00 to $108.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 21.14% from the company’s previous close.

A number of other research firms have also weighed in on EL. Morgan Stanley lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $164.00 to $140.00 in a research note on Friday, May 3rd. Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. StockNews.com upgraded Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Bank of America cut their price target on Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Piper Sandler cut their price target on Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.65.

Estée Lauder Companies Trading Down 2.8 %

EL traded down $2.55 during trading on Friday, reaching $89.15. The company had a trading volume of 3,447,902 shares, compared to its average volume of 2,856,080. The stock has a market cap of $31.97 billion, a P/E ratio of 50.08, a PEG ratio of 1.79 and a beta of 0.99. The business has a 50 day simple moving average of $106.29 and a 200-day simple moving average of $128.97. Estée Lauder Companies has a 52 week low of $88.94 and a 52 week high of $175.31. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

Insider Activity at Estée Lauder Companies

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at $6,412,971.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares in the company, valued at $6,958,990.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the sale, the chief financial officer now owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Several large investors have recently made changes to their positions in EL. Rakuten Securities Inc. purchased a new stake in shares of Estée Lauder Companies during the fourth quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Estée Lauder Companies during the first quarter worth $26,000. Hexagon Capital Partners LLC boosted its stake in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the last quarter. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the second quarter worth $30,000. Finally, PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the second quarter worth $32,000. 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.