Oppenheimer Reaffirms Market Perform Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at Oppenheimer in a note issued to investors on Monday, Benzinga reports.

Several other research analysts also recently issued reports on EL. DA Davidson reaffirmed a "buy" rating and issued a $179.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 6th. Royal Bank of Canada raised their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 6th. StockNews.com lowered Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lowered Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $146.00 price objective on the stock. in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $168.00.

Estée Lauder Companies Price Performance

Shares of NYSE EL traded down $1.57 during trading hours on Monday, hitting $137.23. 1,778,036 shares of the stock were exchanged, compared to its average volume of 2,677,537. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $260.46. The company has a market cap of $49.19 billion, a PE ratio of 106.91, a price-to-earnings-growth ratio of 3.61 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The company's fifty day simple moving average is $147.00 and its two-hundred day simple moving average is $138.11.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business's quarterly revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts predict that Estée Lauder Companies will post 2.23 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at $518,975,000. Lazard Asset Management LLC boosted its stake in Estée Lauder Companies by 68.5% in the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company's stock valued at $537,850,000 after acquiring an additional 1,512,982 shares during the last quarter. AKO Capital LLP increased its stake in shares of Estée Lauder Companies by 304.8% during the 4th quarter. AKO Capital LLP now owns 1,871,074 shares of the company's stock worth $273,645,000 after purchasing an additional 1,408,897 shares during the last quarter. FMR LLC increased its position in Estée Lauder Companies by 35.4% in the third quarter. FMR LLC now owns 5,311,174 shares of the company's stock worth $767,730,000 after buying an additional 1,387,271 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Estée Lauder Companies by 20.0% in the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company's stock valued at $1,739,070,000 after buying an additional 1,167,553 shares during the period. 55.15% of the stock is owned by institutional investors.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.