Stifel Nicolaus Issues Pessimistic Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its target price reduced by equities researchers at Stifel Nicolaus from $81.00 to $77.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 19.68% from the company’s previous close.

Several other analysts also recently commented on EL. Morgan Stanley dropped their price objective on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. CICC Research assumed coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective for the company. Piper Sandler raised their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group reduced their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $64.34 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $23.10 billion, a P/E ratio of 114.89, a PEG ratio of 5.89 and a beta of 1.03. The business has a 50-day moving average of $77.05 and a 200-day moving average of $83.39. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $159.54.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, equities analysts anticipate that Estée Lauder Companies will post 1.5 EPS 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 company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the purchase, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 12.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EL. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies in the third quarter valued at about $31,000. Ameliora Wealth Management Ltd. bought a new stake in Estée Lauder Companies in the 4th quarter valued at about $29,000. Deseret Mutual Benefit Administrators grew its position in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $30,000. Finally, Eagle Bay Advisors LLC increased its holdings in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Institutional investors 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.