Estée Lauder Companies (NYSE:EL) Earns Market Perform Rating from Telsey Advisory Group

Estée Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They currently have a $76.00 target price on the stock. Telsey Advisory Group’s price target would suggest a potential downside of 7.68% from the stock’s current price.

A number of other brokerages also recently commented on EL. JPMorgan Chase & Co. increased their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. CICC Research assumed coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Finally, 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 report on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $92.68.

Estée Lauder Companies Price Performance

NYSE:EL opened at $82.33 on Tuesday. 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 business’s 50-day moving average price is $76.11 and its 200 day moving average price is $84.19. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75. The firm has a market cap of $29.55 billion, a P/E ratio of 147.01, a PEG ratio of 5.60 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for 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%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, sell-side analysts predict that Estée Lauder Companies will post 1.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg acquired 75,500 shares of Estée Lauder Companies stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost 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 trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EL. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies during the fourth quarter worth $29,000. Eagle Bay Advisors LLC lifted its holdings in shares of Estée Lauder Companies by 297.0% during the 4th 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 period. Golden State Wealth Management LLC bought a new position in shares of Estée Lauder Companies during the 4th quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at about $31,000. Finally, Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the second quarter valued at about $32,000. Institutional investors and hedge funds 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, and powders, as well as compacts, brushes, and other makeup tools.