Piper Sandler Raises Estée Lauder Companies (NYSE:EL) Price Target to $122.00

Estée Lauder Companies (NYSE:EL) had its price target increased by stock analysts at Piper Sandler from $114.00 to $122.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 19.48% from the company’s previous close.

A number of other analysts have also weighed in on EL. Bank of America lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the company from $140.00 to $100.00 in a research report on Friday, August 16th. UBS Group lowered their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Fourteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $120.64.

Estée Lauder Companies Price Performance

NYSE:EL traded up $2.24 during mid-day trading on Monday, reaching $102.11. The stock had a trading volume of 448,841 shares, compared to its average volume of 3,195,855. Estée Lauder Companies has a 12 month low of $82.39 and a 12 month high of $159.75. The stock has a market capitalization of $36.61 billion, a PE ratio of 56.96, a P/E/G ratio of 1.46 and a beta of 1.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The stock has a 50-day simple moving average of $92.36 and a two-hundred day simple moving average of $115.71.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company earned $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Insider Activity at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds have recently modified their holdings of EL. Riverview Trust Co purchased a new stake in Estée Lauder Companies during the first quarter valued at about $26,000. Hexagon Capital Partners LLC boosted its holdings in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the period. Rothschild Investment LLC purchased a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies during the 2nd quarter valued at $32,000. Finally, Kimelman & Baird LLC bought a new position in shares of Estée Lauder Companies in the second quarter worth $32,000. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.