UBS Group Issues Positive Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price target raised by equities researchers at UBS Group from $74.00 to $80.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 2.75% from the stock’s previous close.

A number of other equities analysts also recently commented on EL. Piper Sandler lifted their price objective on Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report 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 target price on the stock. in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.55.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $77.86 on Thursday. The firm has a 50-day simple moving average of $73.48 and a 200-day simple moving average of $85.83. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 139.04, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. 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 released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, equities analysts predict that Estée Lauder Companies will post 1.48 earnings per share for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the 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 sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at $31,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies during the 2nd quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Finally, Ecofi Investissements SA purchased a new position in Estée Lauder Companies in the second quarter valued at $53,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

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