Estée Lauder Companies (NYSE:EL) Stock Price Expected to Rise, Barclays Analyst Says

Estée Lauder Companies (NYSE:EL) had its target price raised by investment analysts at Barclays from $63.00 to $71.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential downside of 8.81% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group lowered their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. UBS Group boosted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 price target on the stock. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $93.55.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $77.86 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock’s 50-day moving average is $73.76 and its 200-day moving average is $85.64. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 139.04, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. Estée Lauder Companies has a one year low of $62.29 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Equities analysts predict that Estée Lauder Companies will post 1.48 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, with a total value 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 approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies during the second quarter worth $32,000. Ashton Thomas Securities LLC acquired a new position in shares of Estée Lauder Companies during the third quarter worth $31,000. 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 buying an additional 300 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares in the last quarter. Finally, Ecofi Investissements SA acquired a new position in shares of Estée Lauder Companies during the second quarter worth $53,000. 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.