Estée Lauder Companies (NYSE:EL) PT Raised to $122.00

Estée Lauder Companies (NYSE:EL) had its price objective hoisted by equities researchers at Piper Sandler from $114.00 to $122.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 19.48% from the stock’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley cut their target price on 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 target price on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $100.00 in a research report on Friday, August 16th. B. Riley began coverage on Estée Lauder Companies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $120.64.

Estée Lauder Companies Price Performance

Shares of EL traded up $2.24 during mid-day trading on Monday, reaching $102.11. 448,841 shares of the stock traded hands, compared to its average volume of 3,195,855. The company has a market cap of $36.61 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. Estée Lauder Companies has a 1 year low of $82.39 and a 1 year high of $159.75. The firm has a fifty day moving average price of $92.36 and a 200 day moving average price of $115.71. 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 posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate 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 revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. As a group, equities research analysts predict that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 in the company, valued at $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies 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 directly owns 15,209 shares in the company, valued at $1,423,714.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Armistice Capital LLC raised its position in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after purchasing an additional 96,239 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Estée Lauder Companies by 113.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock valued at $22,900,000 after acquiring an additional 83,320 shares during the period. BNP Paribas purchased a new position in shares of Estée Lauder Companies in the first quarter valued at about $997,000. Marshall Wace LLP boosted its stake in shares of Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter worth about $558,000. 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.