The Estée Lauder Companies (NYSE:EL) had its price objective boosted by stock analysts at Telsey Advisory Group from $300.00 to $355.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Telsey Advisory Group's target price would suggest a potential upside of 17.51% from the company's current price.
EL has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on The Estée Lauder Companies from $337.00 to $320.00 and set a "buy" rating for the company in a research note on Monday. Jefferies Financial Group upgraded shares of The Estée Lauder Companies from a "hold" rating to a "buy" rating and upped their target price for the stock from $240.00 to $310.00 in a research note on Monday, February 8th. Evercore ISI boosted their price objective on shares of The Estée Lauder Companies from $300.00 to $355.00 and gave the company an "outperform" rating in a report on Wednesday, April 28th. Oppenheimer increased their price target on The Estée Lauder Companies from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 20th. Finally, Stifel Nicolaus increased their price objective on shares of The Estée Lauder Companies from $290.00 to $335.00 and gave the stock a "buy" rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of "Buy" and an average target price of $303.00.
NYSE EL opened at $302.11 on Wednesday. The stock has a market capitalization of $109.59 billion, a price-to-earnings ratio of 184.21, a PEG ratio of 3.76 and a beta of 0.87. The Estée Lauder Companies has a one year low of $158.25 and a one year high of $318.34. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.85 and a quick ratio of 1.39. The business's fifty day moving average is $299.85 and its 200-day moving average is $267.53.
The Estée Lauder Companies (NYSE:EL) last released its earnings results on Sunday, May 2nd. The company reported $1.62 EPS for the quarter, topping the Zacks' consensus estimate of $1.32 by $0.30. The company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.90 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. Research analysts expect that The Estée Lauder Companies will post 5.24 EPS for the current fiscal year.
In other The Estée Lauder Companies news, CFO Tracey Thomas Travis sold 22,924 shares of the stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $300.01, for a total transaction of $6,877,429.24. Following the completion of the transaction, the chief financial officer now owns 54,263 shares of the company's stock, valued at $16,279,442.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cedric Prouve sold 22,439 shares of the business's stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $296.05, for a total value of $6,643,065.95. Following the completion of the sale, the insider now directly owns 255,929 shares of the company's stock, valued at approximately $75,767,780.45. The disclosure for this sale can be found here. Insiders have sold 2,149,073 shares of company stock worth $608,055,929 in the last quarter. 13.95% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in EL. IFM Investors Pty Ltd boosted its position in The Estée Lauder Companies by 13.1% during the first quarter. IFM Investors Pty Ltd now owns 24,472 shares of the company's stock worth $7,118,000 after purchasing an additional 2,833 shares during the period. Natixis Advisors L.P. boosted its position in The Estée Lauder Companies by 13.1% during the first quarter. Natixis Advisors L.P. now owns 60,845 shares of the company's stock worth $17,696,000 after purchasing an additional 7,043 shares during the period. Beaumont Financial Partners LLC bought a new stake in The Estée Lauder Companies during the first quarter worth approximately $239,000. Envestnet Asset Management Inc. boosted its position in The Estée Lauder Companies by 17.3% during the first quarter. Envestnet Asset Management Inc. now owns 180,027 shares of the company's stock worth $52,361,000 after purchasing an additional 26,589 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its position in The Estée Lauder Companies by 0.7% during the first quarter. Franklin Street Advisors Inc. NC now owns 60,763 shares of the company's stock worth $17,673,000 after purchasing an additional 408 shares during the period. 54.98% of the stock is owned by institutional investors and hedge funds.
The Estée Lauder Companies Company Profile
The EstÃ©e Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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