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

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $130.00 price objective on the stock. DA Davidson’s target price points to a potential upside of 43.11% from the company’s previous close.

A number of other research analysts have also recently issued reports on EL. Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. The Goldman Sachs Group lowered their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Finally, Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $100.00 in a report on Friday, August 16th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.36.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $90.84 on Tuesday. The business’s fifty day moving average price is $91.68 and its 200 day moving average price is $111.21. The firm has a market capitalization of $32.57 billion, a PE ratio of 51.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. Estée Lauder Companies has a 12 month low of $82.39 and a 12 month high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, sell-side analysts anticipate that Estée Lauder Companies will post 2.97 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies during the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the period. Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $32,000. Finally, Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $32,000. 55.15% of the stock is owned by institutional investors and hedge funds.

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.