Canaccord Genuity Group Has Lowered Expectations for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL - Get Free Report) had its target price reduced by analysts at Canaccord Genuity Group from $70.00 to $62.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 4.45% from the company's previous close.

Several other research analysts have also recently weighed in on EL. Stifel Nicolaus lowered their price objective on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. DA Davidson reissued a "buy" rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Barclays dropped their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Finally, Morgan Stanley dropped their price target on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.20.

Estée Lauder Companies Stock Up 0.8 %

Shares of NYSE:EL traded up $0.47 during midday trading on Tuesday, hitting $59.36. The stock had a trading volume of 4,290,686 shares, compared to its average volume of 4,056,920. The company has a market cap of $21.31 billion, a P/E ratio of -30.44, a PEG ratio of 6.09 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The business's 50-day simple moving average is $62.80 and its 200-day simple moving average is $71.03. Estée Lauder Companies has a 12 month low of $48.37 and a 12 month high of $139.34.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. On average, sell-side analysts forecast that Estée Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company's stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors have recently modified their holdings of the company. Centre Asset Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth $8,585,000. Franklin Resources Inc. raised its holdings in shares of Estée Lauder Companies by 47.5% in the 3rd 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 during the last quarter. Harrell Investment Partners LLC lifted its position in Estée Lauder Companies by 52.1% in the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after acquiring an additional 3,524 shares in the last quarter. Washington Capital Management Inc. acquired a new position in Estée Lauder Companies during the 4th quarter valued at about $352,000. Finally, Bank Pictet & Cie Europe AG increased its holdings in Estée Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after purchasing an additional 4,690 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

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.