TD Cowen Has Lowered Expectations for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its target price reduced by TD Cowen from $95.00 to $70.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential upside of 4.43% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. The Goldman Sachs Group lowered their price target 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. Wells Fargo & Company cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $105.00 to $72.00 in a report on Thursday. Bank of America dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday. Finally, HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Wednesday, October 16th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $104.18.

Estée Lauder Companies Trading Down 2.8 %

Shares of EL traded down $1.91 during trading hours on Friday, reaching $67.03. The stock had a trading volume of 7,593,345 shares, compared to its average volume of 3,346,876. The company has a market cap of $24.04 billion, a P/E ratio of 119.64, a P/E/G ratio of 1.53 and a beta of 1.01. Estée Lauder Companies has a 52 week low of $63.36 and a 52 week high of $159.75. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average of $90.63 and a 200 day moving average of $106.91.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. On average, sell-side analysts expect that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

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

Institutional Trading of Estée Lauder Companies

Several hedge funds have recently added to or reduced their stakes in EL. Rothschild Investment LLC purchased a new position in Estée Lauder Companies in the 2nd quarter worth approximately $30,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies in the second quarter worth $32,000. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies during the 2nd quarter valued at $32,000. Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at $35,000. Finally, Larson Financial Group LLC boosted its position in Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares during the period. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.