Estee Lauder Companies (NYSE:EL - Get Free Report) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report released on Monday,Finviz reports. The firm presently has a $95.00 target price on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 26.17% from the company's current price.
Other equities research analysts have also issued research reports about the stock. Piper Sandler restated an "overweight" rating and issued a $75.00 price target (down previously from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Citigroup lowered their target price on Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wall Street Zen downgraded Estee Lauder Companies from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. DA Davidson reissued a "buy" rating and issued a $81.00 price target on shares of Estee Lauder Companies in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus cut their price objective on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $76.00.
Read Our Latest Research Report on EL
Estee Lauder Companies Price Performance
Shares of EL opened at $75.29 on Monday. Estee Lauder Companies has a 12 month low of $48.37 and a 12 month high of $115.82. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The stock has a fifty day moving average price of $63.85 and a 200 day moving average price of $68.82. The company has a market cap of $27.09 billion, a P/E ratio of -31.11, a PEG ratio of 9.38 and a beta of 1.12.
Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. On average, research analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current year.
Hedge Funds Weigh In On Estee Lauder Companies
A number of hedge funds have recently modified their holdings of EL. Smartleaf Asset Management LLC increased its stake in Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Estee Lauder Companies by 1,182.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock worth $33,000 after purchasing an additional 461 shares during the period. Winthrop Capital Management LLC grew its position in Estee Lauder Companies by 2,240.0% during the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after purchasing an additional 560 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after purchasing an additional 228 shares during the period. Finally, CVA Family Office LLC raised its stake in Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after purchasing an additional 359 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.
About Estee Lauder Companies
(
Get Free Report)
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.
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