Argus Raises Estee Lauder Companies, Inc. (The) (EL) Price Target to $142.00

Estee Lauder Companies, Inc. (The) (NYSE:EL) had its price target boosted by equities research analysts at Argus from $125.00 to $142.00 in a research report issued to clients and investors on Thursday, November 2nd. The brokerage currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 12.68% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Telsey Advisory Group raised their price target on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 15th. Bank of America Corporation raised their price target on Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $106.00 price target (up from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $117.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. Finally, BMO Capital Markets lifted their price objective on Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Estee Lauder Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $117.42.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded down $0.30 during midday trading on Thursday, reaching $126.02. The company’s stock had a trading volume of 1,431,700 shares, compared to its average volume of 1,932,769. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $126.99. The company has a market capitalization of $46,515.57, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.44 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the company earned $0.85 earnings per share. Estee Lauder Companies, Inc. (The)’s revenue was up 14.3% compared to the same quarter last year. equities research analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.

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In related news, EVP Michael O’hare sold 42,032 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $105.41, for a total transaction of $4,430,593.12. Following the transaction, the executive vice president now owns 17,841 shares in the company, valued at approximately $1,880,619.81. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Sara E. Moss sold 3,971 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $108.00, for a total value of $428,868.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 798,654 shares of company stock worth $88,467,343. Company insiders own 16.24% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Jennison Associates LLC bought a new stake in Estee Lauder Companies, Inc. (The) during the 3rd quarter valued at approximately $664,432,000. Janus Henderson Group PLC boosted its position in Estee Lauder Companies, Inc. (The) by 1,676.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after acquiring an additional 4,431,247 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Estee Lauder Companies, Inc. (The) during the 2nd quarter valued at approximately $186,061,000. Northern Trust Corp boosted its position in Estee Lauder Companies, Inc. (The) by 41.1% during the 2nd quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after acquiring an additional 1,086,562 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Estee Lauder Companies, Inc. (The) by 7.4% during the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after acquiring an additional 1,022,956 shares in the last quarter. Institutional investors own 56.26% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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