The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) has received an average rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $330.37.
Several research firms recently issued reports on EL. Raymond James lowered their price objective on Estée Lauder Companies from $345.00 to $320.00 in a report on Wednesday, May 4th. Piper Sandler lowered their target price on Estée Lauder Companies from $380.00 to $350.00 and set an “ overweight” rating on the stock in a report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $289.00 to $274.00 in a research report on Wednesday, May 4th. Oppenheimer reaffirmed an “outperform” rating and set a $300.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, May 31st. Finally, UBS Group lifted their price target on shares of Estée Lauder Companies to $266.00 in a research report on Friday, July 22nd.
Insider Buying and Selling
In related news, EVP Carl P. Haney sold 1,965 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $237.92, for a total transaction of $467,512.80. Following the completion of the transaction, the executive vice president now owns 4,515 shares in the company, valued at $1,074,208.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Carl P. Haney sold 1,965 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $237.92, for a total transaction of $467,512.80. Following the completion of the transaction, the executive vice president now owns 4,515 shares in the company, valued at $1,074,208.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Carl P. Haney sold 548 shares of the company’s stock in a transaction on Friday, June 3rd. The s hares were sold at an average price of $263.88, for a total transaction of $144,606.24. Following the completion of the transaction, the executive vice president now owns 3,296 shares of the company’s stock, valued at approximately $869,748.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,671 shares of company stock worth $888,117. Corporate insiders own 13.95% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Corbett Road Capital Management LLC raised its holdings in Estée Lauder Companies by 2.7% during the fourth quarter. Corbett Road Capital Management LLC now owns 1,302 shares of the company’s stock worth $482,000 after purchasing an additional 34 shares in the last quarter. Core Alternative Capital increased its holdings in Estée Lauder Companies by 23.7% in the second quarter. Core Alternative Capital now owns 193 shares of the company’s stock valued at $49,000 after buying an additional 37 shares in the last quarter. Northeast Investment Management increased its holdings in Estée Lauder Companies by 0.3% in the fourth quarter. Northeast Investment Management now owns 15,118 shares of the company’s stock valued at $5,597,000 after buying an additional 38 shares in the last quarter. Peterson Wealth Services increased its holdings in Estée Lauder Companies by 5.1% in the second quarter. Peterson Wealt h Services now owns 847 shares of the company’s stock valued at $216,000 after buying an additional 41 shares in the last quarter. Finally, Journey Advisory Group LLC increased its holdings in Estée Lauder Companies by 3.4% in the second quarter. Journey Advisory Group LLC now owns 1,344 shares of the company’s stock valued at $368,000 after buying an additional 44 shares in the last quarter. 58.85% of the stock is owned by hedge funds and other institutional investors.
Estée Lauder Companies Price Performance
Shares of Estée Lauder Companies stock opened at $270.74 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.75 and a debt-to-equity ratio of 0.84. Estée Lauder Companies has a twelve month low of $225.39 and a twelve month high of $374.20. The business has a 50-day moving average price of $256.11 and a 200 day moving average price of $268.35. The firm has a market cap of $96.75 billion, a PE ratio of 29.62, a P/E/G ratio of 3.23 and a beta of 0.97.
Estée Lauder Companies (NYSE:EL – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.24. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the business earned $1.62 EPS. Estée Lauder Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts predict that Estée Lauder Companies will post 7.14 earnings per share for the current fiscal year.
Estée Lauder Companies Company Profile
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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.
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