Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price target cut by investment analysts at Deutsche Bank Aktiengesellschaft from $80.00 to $78.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 2.80% from the stock’s previous close.

EL has been the topic of a number of other research reports. Piper Sandler increased their price objective on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $80.00 in a research report on Thursday, October 31st. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price of $93.68.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock opened at $80.25 on Wednesday. The stock has a market capitalization of $28.81 billion, a price-to-earnings ratio of 143.30, a P/E/G ratio of 5.44 and a beta of 1.02. The firm’s 50-day moving average price is $74.68 and its two-hundred day moving average price is $84.92. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results 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 business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the company earned $0.11 EPS. Estée Lauder Companies’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts predict that Estée Lauder Companies will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 75,500 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, 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. 12.78% of the stock is owned by company insiders.

Institutional Trading of Estée Lauder Companies

A number of hedge funds and other institutional investors have recently modified their holdings of EL. MassMutual Private Wealth & Trust FSB grew its stake in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Estée Lauder Companies by 8.7% in the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock valued at $139,000 after buying an additional 148 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after buying an additional 151 shares in the last quarter. Biltmore Family Office LLC increased its holdings in Estée Lauder Companies by 7.8% during the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock worth $237,000 after buying an additional 171 shares during the last quarter. Finally, Cove Private Wealth LLC increased its holdings in Estée Lauder Companies by 7.1% during the third quarter. Cove Private Wealth LLC now owns 2,625 shares of the company’s stock worth $262,000 after buying an additional 175 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.