Estee Lauder Companies (NYSE:EL) Given New $100.00 Price Target at Evercore ISI

Estee Lauder Companies (NYSE:EL - Get Free Report) had its target price hoisted by stock analysts at Evercore ISI from $90.00 to $100.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Evercore ISI's price objective suggests a potential upside of 28.03% from the stock's current price.

Other research analysts have also issued reports about the company. B. Riley reissued a "neutral" rating and set a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Barclays upped their price target on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Piper Sandler restated an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company dropped their target price on Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $74.50.

Estee Lauder Companies Stock Up 0.7%

Shares of NYSE EL traded up $0.55 during midday trading on Thursday, reaching $78.11. The company's stock had a trading volume of 2,026,811 shares, compared to its average volume of 4,221,056. The stock has a 50 day simple moving average of $65.27 and a 200-day simple moving average of $68.93. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $28.10 billion, a price-to-earnings ratio of -32.29, a PEG ratio of 7.96 and a beta of 1.12. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $113.85.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. Estee Lauder Companies's revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. Equities research analysts predict that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Institutional Investors Weigh In On Estee Lauder Companies

Hedge funds have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Estee Lauder Companies by 1,182.1% in the first 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 last quarter. Smartleaf Asset Management LLC lifted its position in Estee Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. Winthrop Capital Management LLC boosted its stake in shares of Estee Lauder Companies by 2,240.0% during the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after purchasing an additional 560 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares during the last quarter. Finally, CVA Family Office LLC increased its position in shares of Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after acquiring an additional 359 shares during the period. 55.15% of the stock is currently owned by institutional investors.

About Estee 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.

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