Other research analysts have also issued research reports about the company. Deutsche Bank cut their price objective on Estee Lauder Companies to $159.00 and set a buy rating for the company in a report on Tuesday, August 21st. JPMorgan Chase & Co. set a $154.00 price objective on Estee Lauder Companies and gave the stock a buy rating in a report on Tuesday, August 21st. DA Davidson raised Estee Lauder Companies from a neutral rating to a buy rating and boosted their price objective for the stock from $134.00 to $167.00 in a report on Tuesday, August 21st. Stifel Nicolaus cut their price objective on Estee Lauder Companies from $150.00 to $145.00 and set a buy rating for the company in a report on Monday, October 15th. Finally, Morgan Stanley lowered Estee Lauder Companies from an overweight rating to an equal weight rating and set a $153.00 price objective for the company. in a report on Monday, June 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. Estee Lauder Companies presently has a consensus rating of Buy and a consensus target price of $145.87.
Shares of EL opened at $126.19 on Monday. Estee Lauder Companies has a twelve month low of $108.58 and a twelve month high of $158.80. The stock has a market cap of $46.06 billion, a PE ratio of 27.98, a P/E/G ratio of 2.11 and a beta of 0.61. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.
Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 20th. The company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.05. Estee Lauder Companies had a return on equity of 36.09% and a net margin of 8.10%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Estee Lauder Companies will post 4.73 earnings per share for the current fiscal year.
In other news, EVP Michael O’hare sold 5,671 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $138.22, for a total transaction of $783,845.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane Lauder sold 36,334 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $133.23, for a total value of $4,840,778.82. Following the sale, the director now directly owns 45,037 shares of the company’s stock, valued at approximately $6,000,279.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,756 shares of company stock valued at $14,739,082. 16.13% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in EL. Fundsmith Equity Fund L.P. bought a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $701,543,000. 180 Wealth Advisors LLC raised its holdings in shares of Estee Lauder Companies by 45.6% during the second quarter. 180 Wealth Advisors LLC now owns 3,926 shares of the company’s stock valued at $560,000 after acquiring an additional 1,229 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Estee Lauder Companies by 1.7% during the second quarter. Northern Trust Corp now owns 3,801,166 shares of the company’s stock valued at $542,387,000 after acquiring an additional 62,690 shares in the last quarter. Twin Tree Management LP raised its holdings in shares of Estee Lauder Companies by 169.0% during the second quarter. Twin Tree Management LP now owns 31,797 shares of the company’s stock valued at $4,537,000 after acquiring an additional 19,975 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Estee Lauder Companies by 1.6% during the second quarter. Morgan Stanley now owns 1,341,812 shares of the company’s stock valued at $191,463,000 after acquiring an additional 21,595 shares in the last quarter. 56.40% of the stock is owned by hedge funds and other institutional investors.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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