TD Cowen Begins Coverage on Estee Lauder Companies (NYSE:EL)

Analysts at TD Cowen started coverage on shares of Estee Lauder Companies (NYSE:EL) in a research report issued to clients and investors on Friday, Zacks reports. The firm set a “hold” rating on the stock.

Several other analysts have also recently weighed in on the stock. B. Riley Financial reaffirmed a “neutral” rating and set a $100.00 price objective (up from $85.00) on shares of Estee Lauder Companies in a research note on Thursday, August 20th. HSBC lifted their target price on shares of Estee Lauder Companies from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Sanford C. Bernstein boosted their target price on Estee Lauder Companies from $82.00 to $106.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. Piper Sandler boosted their target price on Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Telsey Advisory Group increased their price target on Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Estee Lauder Companies currently has a consensus rating of “Moderate Buy” and an average target price of $106.92.

Estee Lauder Companies Stock Up 0.5%

Shares of NYSE:EL opened at $109.35 on Friday. Estee Lauder Companies has a 52 week low of $66.22 and a 52 week high of $121.64. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The company’s fifty day moving average is $100.36 and its 200-day moving average is $91.92. The company has a market capitalization of $39.56 billion, a PE ratio of 223.16, a P/E/G ratio of 1.58 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Equities research analysts predict that Estee Lauder Companies will post 3.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Estee Lauder Companies news, Director Paul Fribourg sold 58,000 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the sale, the director owned 417,300 shares of the company’s stock, valued at $40,966,341. This represents a 12.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rashida La Lande sold 7,766 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the sale, the vice president owned 14,357 shares of the company’s stock, valued at $1,483,365.24. The trade was a 35.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 75,105 shares of company stock valued at $7,423,185 in the last 90 days. 11.54% of the stock is currently owned by insiders.

Institutional Trading of Estee Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new position in Estee Lauder Companies during the 2nd quarter worth $28,000. Kozak & Associates Inc. acquired a new stake in shares of Estee Lauder Companies in the 2nd quarter valued at $30,000. IFP Advisors Inc increased its stake in shares of Estee Lauder Companies by 35.2% in the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after buying an additional 108 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Estee Lauder Companies by 1,732.5% in the 1st quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock valued at $53,000 after buying an additional 693 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Estee Lauder Companies by 37.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,349 shares of the company’s stock worth $97,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.