DA Davidson Reiterates “Buy” Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $130.00 price objective on the stock. DA Davidson’s target price would suggest a potential upside of 44.08% from the stock’s current price.

A number of other research firms also recently issued reports on EL. UBS Group dropped their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their target price on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. JPMorgan Chase & Co. reduced their price target on Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Fourteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $120.27.

Estée Lauder Companies Trading Up 4.1 %

NYSE EL traded up $3.53 during trading on Tuesday, hitting $90.23. The stock had a trading volume of 2,212,921 shares, compared to its average volume of 3,135,839. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 50.77, a P/E/G ratio of 1.42 and a beta of 1.00. The stock has a 50 day simple moving average of $92.63 and a 200 day simple moving average of $117.32. Estée Lauder Companies has a one year low of $82.39 and a one year high of $159.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the firm earned $0.07 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts predict that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EL. Vanguard Group Inc. grew its holdings in Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the period. Independent Franchise Partners LLP grew its stake in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after buying an additional 1,066,320 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Estée Lauder Companies by 4.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock worth $487,612,000 after buying an additional 140,416 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Estée Lauder Companies by 12.0% in the 2nd quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company’s stock worth $315,262,000 after buying an additional 318,257 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.