Royal Bank Of Canada Reiterates "Outperform" Rating for Estee Lauder Companies (NYSE:EL)

Key Points

• Royal Bank of Canada reaffirmed its “Outperform” rating on Estée Lauder Companies and maintained a $111 price target, implying approximately 30.7% upside from the prior close.
• Analyst sentiment remains mixed: the stock has an overall “Hold” consensus rating and an average price target of $96.84, with 8 Buy, 10 Hold, 2 Sell, and 1 Strong Buy ratings.
• Estée Lauder shares fell 1.4% to $84.92 in Monday trading. Institutional investors own 55.15% of the company, with major holders including Vanguard, Bank of America, and State Street.

Estee Lauder Companies (NYSE:EL - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $111.00 price target on the stock. Royal Bank Of Canada's target price would suggest a potential upside of 30.72% from the stock's previous close.

A number of other research firms have also issued reports on EL. UBS Group boosted their price target on shares of Estee Lauder Companies from $85.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Barclays lifted their price objective on shares of Estee Lauder Companies from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Jefferies Financial Group boosted their target price on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, July 28th. Canaccord Genuity Group increased their target price on Estee Lauder Companies from $80.00 to $85.00 and gave the company a "hold" rating in a report on Monday, May 4th. Finally, Citigroup lifted their price target on Estee Lauder Companies from $92.00 to $110.00 and gave the company a "buy" rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $96.84.

Estee Lauder Companies Trading Down 1.4%

EL traded down $1.18 during trading on Monday, reaching $84.92. The company had a trading volume of 135,581 shares, compared to its average volume of 3,876,516. The firm's 50-day simple moving average is $84.20 and its 200 day simple moving average is $87.23. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The company has a market cap of $30.72 billion, a price-to-earnings ratio of -121.69, a PEG ratio of 0.68 and a beta of 1.25. Estee Lauder Companies has a 12-month low of $66.22 and a 12-month high of $121.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Estee Lauder Companies by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company's stock valued at $2,927,224,000 after buying an additional 1,043,746 shares during the period. Bank of America Corp DE increased its stake in shares of Estee Lauder Companies by 950.9% in the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company's stock worth $993,567,000 after acquiring an additional 12,526,471 shares during the last quarter. State Street Corp increased its stake in shares of Estee Lauder Companies by 4.2% in the fourth quarter. State Street Corp now owns 11,585,782 shares of the company's stock worth $1,213,263,000 after acquiring an additional 467,195 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Estee Lauder Companies by 185.3% during the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company's stock worth $861,596,000 after acquiring an additional 5,286,875 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Estee Lauder Companies by 1.1% during the fourth quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company's stock worth $820,717,000 after acquiring an additional 83,857 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estee Lauder Companies

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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