JPMorgan Chase & Co. Increases Estée Lauder Companies (NYSE:EL) Price Target to $113.00

Estée Lauder Companies (NYSE:EL) had its target price raised by investment analysts at JPMorgan Chase & Co. from $105.00 to $113.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.25% from the stock’s current price.

A number of other research analysts also recently issued reports on EL. Morgan Stanley decreased their price target on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Wells Fargo & Company decreased their target price on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, September 24th. Finally, B. Riley assumed coverage on shares of Estée Lauder Companies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 target price for the company. Fourteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.00.

Estée Lauder Companies Price Performance

EL traded up $0.62 during trading on Friday, hitting $95.56. The company’s stock had a trading volume of 270,520 shares, compared to its average volume of 3,191,442. The firm has a market capitalization of $34.28 billion, a price-to-earnings ratio of 88.12, a P/E/G ratio of 1.58 and a beta of 1.01. Estée Lauder Companies has a twelve month low of $82.39 and a twelve month high of $159.75. The business’s fifty day simple moving average is $91.68 and its 200 day simple moving average is $112.93. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities research analysts forecast that Estée Lauder Companies will post 2.97 EPS for the current fiscal year.

Insider Activity at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its holdings in Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after buying an additional 1,920,439 shares during the last quarter. Jennison Associates LLC bought a new position in Estée Lauder Companies during the 1st quarter worth approximately $291,171,000. Vanguard Group Inc. grew its holdings in Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the period. Independent Franchise Partners LLP increased its stake in Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after purchasing an additional 1,066,320 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Estée Lauder Companies in the first quarter worth $82,664,000. 55.15% of the stock is owned by 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.