Estée Lauder Companies (NYSE:EL) Stock Price Expected to Rise, UBS Group Analyst Says

Estée Lauder Companies (NYSE:EL) had its price target upped by stock analysts at UBS Group from $74.00 to $80.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 2.75% from the company’s current price.

Several other research analysts have also issued reports on EL. Stifel Nicolaus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Thursday, October 31st. Canaccord Genuity Group cut their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada cut their price target on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $93.55.

Estée Lauder Companies Stock Down 0.3 %

Shares of Estée Lauder Companies stock opened at $77.86 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a market cap of $27.95 billion, a P/E ratio of 139.04, a PEG ratio of 5.02 and a beta of 1.02. The firm’s 50 day moving average price is $73.48 and its 200-day moving average price is $85.83. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. On average, sell-side analysts predict that Estée Lauder Companies will post 1.48 EPS for the current fiscal year.

Insider Activity

In other news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eagle Bay Advisors LLC raised its position in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies during the third quarter worth about $31,000. Kimelman & Baird LLC acquired a new position in shares of Estée Lauder Companies during the 2nd quarter worth about $32,000. MassMutual Private Wealth & Trust FSB lifted its stake in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after buying an additional 141 shares in the last quarter. Finally, Ecofi Investissements SA acquired a new stake in Estée Lauder Companies in the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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.