Estée Lauder Companies (NYSE:EL) Earns Buy Rating from DA Davidson

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating restated by DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $81.00 target price on the stock. DA Davidson’s price target indicates a potential upside of 0.94% from the company’s previous close.

A number of other equities analysts have also commented on EL. Canaccord Genuity Group cut their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. CICC Research started coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target for the company. UBS Group upped their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, Piper Sandler boosted their price target on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.68.

Estée Lauder Companies Trading Up 0.7 %

Shares of EL 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 PEG ratio of 5.44 and a beta of 1.02. The company’s fifty day simple moving average is $74.68 and its two-hundred day simple moving average is $84.92. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year 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 announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, analysts anticipate that Estée Lauder Companies will post 1.51 earnings per share for the current year.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing 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 shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Estée Lauder Companies by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 584,436 shares of the company’s stock worth $62,202,000 after acquiring an additional 41,776 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Estée Lauder Companies by 30.9% during the 2nd quarter. Pacer Advisors Inc. now owns 20,615 shares of the company’s stock worth $2,193,000 after purchasing an additional 4,872 shares during the period. ProShare Advisors LLC raised its holdings in shares of Estée Lauder Companies by 37.2% in the 2nd quarter. ProShare Advisors LLC now owns 40,087 shares of the company’s stock valued at $4,265,000 after purchasing an additional 10,871 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Estée Lauder Companies by 105,466.7% during the second quarter. Frank Rimerman Advisors LLC now owns 3,167 shares of the company’s stock worth $337,000 after buying an additional 3,164 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in Estée Lauder Companies by 72.5% during the second quarter. Public Sector Pension Investment Board now owns 8,996 shares of the company’s stock valued at $957,000 after purchasing an additional 3,781 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

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.