Telsey Advisory Group Issues Positive Forecast for Estee Lauder Companies (NYSE:EL) Stock Price

Key Points

• Estee Lauder Companies had its price target increased from $66.00 to $99.00 by Telsey Advisory Group, suggesting a potential upside of 3.88% from its current price.
• JPMorgan Chase & Co. upgraded the stock from a "neutral" to an "overweight" rating and set a new price target of $101.00, reflecting growing confidence among analysts.
• Hedge funds have significantly increased their stakes in Estee Lauder, with notable investments including Capital World Investors acquiring a new stake worth approximately $554 million.

Estee Lauder Companies (NYSE:EL - Free Report) had its price objective lifted by Telsey Advisory Group from $66.00 to $99.00 in a report released on Thursday morning, Marketbeat.com reports. They currently have a market perform rating on the stock.

Several other equities research analysts have also recently commented on the stock. Evercore ISI boosted their price objective on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Canaccord Genuity Group decreased their price target on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Bank of America started coverage on shares of Estee Lauder Companies in a report on Thursday, July 10th. They issued a "buy" rating and a $110.00 price objective for the company. Barclays upped their price target on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada dropped their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $85.80.

Estee Lauder Companies Stock Up 1.5%

NYSE:EL traded up $1.37 during trading hours on Thursday, hitting $90.87. 4,144,906 shares of the stock traded hands, compared to its average volume of 3,561,512. The firm has a market cap of $32.69 billion, a price-to-earnings ratio of -37.55, a PEG ratio of 6.49 and a beta of 1.18. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $103.44. The firm has a 50 day moving average price of $84.79 and a 200 day moving average price of $71.88. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank Pictet & Cie Europe AG lifted its holdings in shares of Estee Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after purchasing an additional 4,690 shares in the last quarter. American Assets Inc. purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at approximately $487,000. Federated Hermes Inc. lifted its stake in shares of Estee Lauder Companies by 25.8% during the fourth quarter. Federated Hermes Inc. now owns 1,345 shares of the company's stock valued at $101,000 after buying an additional 276 shares during the period. Advisory Services Network LLC lifted its stake in shares of Estee Lauder Companies by 22.0% during the fourth quarter. Advisory Services Network LLC now owns 3,466 shares of the company's stock valued at $260,000 after buying an additional 624 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Estee Lauder Companies by 19.7% during the fourth quarter. Bessemer Group Inc. now owns 2,792 shares of the company's stock valued at $209,000 after buying an additional 460 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.