Estée Lauder Companies (NYSE:EL) Earns "Overweight" Rating from Piper Sandler

Estée Lauder Companies (NYSE:EL - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities researchers at Piper Sandler in a report released on Friday,Benzinga reports. They presently have a $75.00 price objective on the stock, down from their previous price objective of $92.00. Piper Sandler's target price suggests a potential upside of 30.29% from the company's previous close.

A number of other research analysts have also issued reports on EL. Wells Fargo & Company reduced their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group lowered their price target on shares of Estée Lauder Companies from $75.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. DA Davidson reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Royal Bank of Canada reissued 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, JPMorgan Chase & Co. cut their price target on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $76.10.

Estée Lauder Companies Stock Down 2.2 %

Shares of EL traded down $1.33 during trading on Friday, reaching $57.57. The company's stock had a trading volume of 904,662 shares, compared to its average volume of 4,047,153. Estée Lauder Companies has a twelve month low of $48.37 and a twelve month high of $139.34. 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 company has a market cap of $20.66 billion, a price-to-earnings ratio of -29.52, a P/E/G ratio of 6.09 and a beta of 1.10. The company has a fifty day moving average of $62.80 and a two-hundred day moving average of $71.03.

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

Insider Activity at Estée Lauder Companies

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. acquired a new stake in shares of Estée Lauder Companies during the fourth quarter worth about $29,000. Deseret Mutual Benefit Administrators raised its holdings in 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 buying an additional 158 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the fourth quarter valued at approximately $30,000. Eagle Bay Advisors LLC lifted its position in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

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.

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