Estee Lauder Companies (NYSE:EL) Given New $90.00 Price Target at Wells Fargo & Company

Estee Lauder Companies (NYSE:EL - Get Free Report) had its target price hoisted by equities researchers at Wells Fargo & Company from $60.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential downside of 1.22% from the company's previous close.

A number of other research analysts also recently issued reports on the company. B. Riley reiterated a "neutral" rating and set a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Telsey Advisory Group reiterated a "market perform" rating and set a $76.00 price objective on shares of Estee Lauder Companies in a research note on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Piper Sandler reiterated an "overweight" rating and set a $75.00 price objective (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $77.70.

Estee Lauder Companies Stock Performance

Shares of Estee Lauder Companies stock traded down $0.99 during trading hours on Wednesday, reaching $91.11. 2,973,811 shares of the stock traded hands, compared to its average volume of 4,315,461. The company has a 50 day moving average price of $72.10 and a 200 day moving average price of $69.54. The firm has a market capitalization of $32.78 billion, a price-to-earnings ratio of -37.65, a P/E/G ratio of 6.50 and a beta of 1.17. Estee Lauder Companies has a one year low of $48.37 and a one year high of $103.44. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business's quarterly revenue 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, equities research analysts expect that Estee Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Institutional Trading of Estee Lauder Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Estee Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after buying an additional 2,344,210 shares during the period. FMR LLC grew its position in shares of Estee Lauder Companies by 163.8% during the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after buying an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP grew its position in shares of Estee Lauder Companies by 1.5% during the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company's stock worth $526,445,000 after buying an additional 118,276 shares in the last quarter. Capital World Investors bought a new position in shares of Estee Lauder Companies during the 4th quarter worth $554,509,000. Finally, Invesco Ltd. grew its position in shares of Estee Lauder Companies by 21.9% during the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock worth $440,998,000 after buying an additional 1,200,537 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estee 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.