DA Davidson Reiterates Buy Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating restated by stock analysts at DA Davidson in a report issued on Tuesday, Benzinga reports. They presently have a $130.00 price objective on the stock. DA Davidson’s target price indicates a potential upside of 49.17% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup decreased their price objective on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Raymond James lowered Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Barclays cut their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Morgan Stanley lowered their price target on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, Wells Fargo & Company cut their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, August 20th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $116.91.

Estée Lauder Companies Trading Down 1.8 %

Estée Lauder Companies stock opened at $87.15 on Tuesday. The stock has a 50-day moving average price of $91.08 and a 200 day moving average price of $107.18. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 48.96, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. Estée Lauder Companies has a 52 week low of $82.39 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.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that Estée Lauder Companies will post 2.97 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Lynn Forester sold 3,890 shares of the firm’s 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies 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 completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Stoneridge Investment Partners LLC acquired a new position in shares of Estée Lauder Companies during the 3rd quarter worth $2,426,000. Impax Asset Management Group plc boosted its stake in Estée Lauder Companies by 21.3% during the 3rd quarter. Impax Asset Management Group plc now owns 83,498 shares of the company’s stock valued at $8,324,000 after purchasing an additional 14,688 shares during the period. Quintet Private Bank Europe S.A. grew its holdings in Estée Lauder Companies by 11.5% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 230,731 shares of the company’s stock valued at $23,002,000 after buying an additional 23,833 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Estée Lauder Companies by 14.5% in the third quarter. QRG Capital Management Inc. now owns 16,017 shares of the company’s stock valued at $1,597,000 after acquiring an additional 2,025 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Estée Lauder Companies by 1.3% during the third quarter. Asset Management One Co. Ltd. now owns 89,455 shares of the company’s stock worth $8,918,000 after acquiring an additional 1,113 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

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.