Estée Lauder Companies (NYSE:EL) Earns Market Perform Rating from Analysts at CICC Research

Stock analysts at CICC Research initiated coverage on shares of Estée Lauder Companies (NYSE:EL) in a report released on Friday,Benzinga reports. The firm set a “market perform” rating and a $82.00 price target on the stock. CICC Research’s price objective suggests a potential upside of 9.89% from the company’s current price.

A number of other analysts have also issued reports on EL. JPMorgan Chase & Co. lowered Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $113.00 to $74.00 in a research note on Friday, November 1st. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Morgan Stanley decreased their price target on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $97.82.

Estée Lauder Companies Stock Down 0.5 %

Shares of NYSE EL opened at $74.62 on Friday. The firm’s 50-day moving average is $74.73 and its two-hundred day moving average is $89.40. The company has a market capitalization of $26.79 billion, a PE ratio of 133.25, a price-to-earnings-growth ratio of 5.33 and a beta of 1.05. Estée Lauder Companies has a 12-month low of $62.29 and a 12-month high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the business posted $0.11 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that Estée Lauder Companies will post 1.46 EPS for the current fiscal year.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now directly owns 234,500 shares in the company, valued at $15,010,345. The trade was a 49.36 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $30,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies in the second quarter valued at approximately $32,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies in the second quarter worth $32,000. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies during the 3rd quarter worth $31,000. Finally, Chilton Capital Management LLC grew its stake in Estée Lauder Companies by 63.9% in the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after buying an additional 168 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, and powders, as well as compacts, brushes, and other makeup tools.