Estee Lauder Companies (NYSE:EL) had its price objective hoisted by Stifel Nicolaus from $180.00 to $205.00 in a research note published on Friday, The Fly reports. The brokerage currently has a buy rating on the stock.
Several other analysts also recently issued reports on the stock. Credit Suisse Group reaffirmed a buy rating and set a $19.50 price objective on shares of Infineon Technologies in a report on Thursday, May 2nd. Citigroup downgraded shares of BCE from a buy rating to a neutral rating in a report on Thursday, May 2nd. Royal Bank of Canada set a $42.00 price objective on shares of Devon Energy and gave the stock a hold rating in a report on Thursday, May 2nd. Macquarie downgraded shares of Janus Henderson Group from an outperform rating to a neutral rating in a report on Thursday, May 2nd. Finally, Raymond James reiterated a buy rating and set a $21.00 target price on shares of Colfax in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $171.95.
NYSE EL opened at $190.83 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $180.35. The company has a market cap of $69.06 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.55 and a beta of 0.82. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $192.97.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.25. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. Estee Lauder Companies’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. As a group, sell-side analysts anticipate that Estee Lauder Companies will post 5.22 earnings per share for the current fiscal year.
In other news, Director Lynn Forester sold 10,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $172.48, for a total value of $1,724,800.00. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at approximately $2,414,720. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Fabrizio Freda sold 33,719 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $164.42, for a total transaction of $5,544,077.98. Following the completion of the transaction, the chief executive officer now owns 101,893 shares of the company’s stock, valued at approximately $16,753,247.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,036,232 shares of company stock valued at $505,105,319. Corporate insiders own 16.13% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Estee Lauder Companies during the 2nd quarter worth about $367,000. Davy Asset Management Ltd acquired a new stake in shares of Estee Lauder Companies during the 2nd quarter worth about $1,201,000. FDx Advisors Inc. increased its position in shares of Estee Lauder Companies by 7.0% during the 2nd quarter. FDx Advisors Inc. now owns 4,806 shares of the company’s stock worth $880,000 after purchasing an additional 314 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Estee Lauder Companies by 16.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 568,611 shares of the company’s stock worth $104,115,000 after purchasing an additional 79,963 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Estee Lauder Companies by 1.5% during the 2nd quarter. Bessemer Group Inc. now owns 4,352 shares of the company’s stock worth $797,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 54.19% of the company’s stock.
Estee Lauder Companies Company Profile
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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