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 reissued by equities research analysts at Telsey Advisory Group in a report released on Monday, Benzinga reports. They currently have a $115.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 21.86% from the company’s previous close.

A number of other analysts have also recently issued reports on the stock. Citigroup decreased their target price on shares of Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Canaccord Genuity Group dropped their price objective on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. UBS Group raised Estée Lauder Companies to a “hold” rating in a research report on Friday, July 12th. Bernstein Bank upped their price target on Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Finally, Wells Fargo & Company reduced their target price on Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Sixteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.23.

Estée Lauder Companies Price Performance

Shares of NYSE:EL traded down $0.60 on Monday, reaching $94.37. 2,925,652 shares of the company traded hands, compared to its average volume of 2,906,884. The company’s 50 day moving average is $103.19 and its 200-day moving average is $127.58. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. Estée Lauder Companies has a fifty-two week low of $86.05 and a fifty-two week high of $165.76. The stock has a market capitalization of $33.84 billion, a PE ratio of 53.02, a P/E/G ratio of 1.79 and a beta of 0.99.

Insider Activity

In other news, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the sale, the insider now directly owns 5,578 shares in the company, valued at approximately $728,598.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter worth $9,689,000. Federated Hermes Inc. increased its stake in Estée Lauder Companies by 121.8% in the 4th quarter. Federated Hermes Inc. now owns 1,302 shares of the company’s stock worth $190,000 after acquiring an additional 715 shares during the last quarter. abrdn plc increased its position in shares of Estée Lauder Companies by 15.0% in the fourth quarter. abrdn plc now owns 304,823 shares of the company’s stock worth $44,580,000 after purchasing an additional 39,738 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Estée Lauder Companies by 207.9% during the 4th quarter. MCF Advisors LLC now owns 585 shares of the company’s stock valued at $86,000 after buying an additional 395 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $180,000. 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.