Estée Lauder Companies (NYSE:EL) Earns “Buy” Rating from DA Davidson

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a research note issued to investors on Monday,Benzinga reports. They presently have a $81.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 7.88% from the company’s previous close.

EL has been the subject of several other reports. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Wednesday, October 16th. Piper Sandler boosted their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Bank of America reduced their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group reduced their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average target price of $98.57.

Estée Lauder Companies Stock Up 0.4 %

Shares of NYSE:EL opened at $75.08 on Monday. The company has a market capitalization of $26.95 billion, a PE ratio of 134.07, a P/E/G ratio of 5.33 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The company’s fifty day moving average is $75.99 and its 200-day moving average is $90.43. Estée Lauder Companies has a 52 week low of $62.29 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the business earned $0.11 EPS. Estée Lauder Companies’s revenue was down 4.5% compared to the same quarter last year. Equities research analysts predict that Estée Lauder Companies will post 1.46 earnings per share for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In related news, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in Estée Lauder Companies in the second quarter valued at about $30,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $32,000. Kimelman & Baird LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies during the 3rd quarter worth approximately $31,000. Finally, Chilton Capital Management LLC grew its holdings in Estée Lauder Companies by 63.9% during the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

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, and powders, as well as compacts, brushes, and other makeup tools.