Estée Lauder Companies (NYSE:EL) Downgraded by StockNews.com to Hold

Estée Lauder Companies (NYSE:EL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other analysts have also recently issued reports about the company. Telsey Advisory Group restated a “market perform” rating and issued a $115.00 price objective on shares of Estée Lauder Companies in a research report on Monday, August 19th. Stifel Nicolaus cut their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. B. Riley started coverage on shares of Estée Lauder Companies in a report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Finally, UBS Group decreased their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. 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 company presently has a consensus rating of “Hold” and a consensus price target of $120.64.

Estée Lauder Companies Trading Down 0.2 %

Shares of NYSE:EL opened at $99.69 on Tuesday. Estée Lauder Companies has a 1 year low of $82.39 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The firm has a market capitalization of $35.75 billion, a P/E ratio of 56.01, a P/E/G ratio of 1.46 and a beta of 1.00. The business’s 50-day moving average is $92.33 and its 200 day moving average is $115.33.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently modified their holdings of EL. Tradewinds Capital Management LLC boosted its stake in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after acquiring an additional 75 shares in the last quarter. Haverford Trust Co increased its position in Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after buying an additional 78 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Estée Lauder Companies by 25.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after buying an additional 82 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Estée Lauder Companies by 11.9% in the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after acquiring an additional 90 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds 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.