Estée Lauder Companies’ (EL) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Estée Lauder Companies (NYSE:EL) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $100.00 price objective on the stock.

A number of other equities analysts have also issued reports on the company. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. B. Riley cut their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $92.95.

Estée Lauder Companies Stock Down 2.3 %

Estée Lauder Companies stock opened at $83.51 on Friday. 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 firm has a market cap of $29.98 billion, a P/E ratio of 149.13, a P/E/G ratio of 5.85 and a beta of 1.02. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.75. The business has a fifty day moving average of $77.10 and a two-hundred day moving average of $83.95.

Estée Lauder Companies (NYSE:EL) last announced its 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. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the firm earned $0.11 earnings per share. Estée Lauder Companies’s revenue was down 4.5% compared to the same quarter last year. On average, analysts forecast that Estée Lauder Companies will post 1.49 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the acquisition, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors have recently added to or reduced their stakes in the business. Centre Asset Management LLC purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $8,585,000. Franklin Resources Inc. raised its position in Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC boosted its holdings in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after buying an additional 3,524 shares in the last quarter. Paloma Partners Management Co increased its stake in Estée Lauder Companies by 729.4% in the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after purchasing an additional 41,773 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares during the last quarter. 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.