Canaccord Genuity Group Reiterates “Hold” Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL)‘s stock had its “hold” rating reissued by stock analysts at Canaccord Genuity Group in a research note issued on Tuesday, Benzinga reports. They currently have a $100.00 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 7.70% from the stock’s current price.

EL has been the subject of several other reports. Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. Morgan Stanley lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $164.00 to $140.00 in a research report on Friday, May 3rd. Citigroup dropped their price objective on shares of Estée Lauder Companies from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Bernstein Bank increased their target price on Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $128.87.

Estée Lauder Companies Price Performance

EL stock opened at $92.85 on Tuesday. The business has a 50 day moving average price of $102.67 and a 200 day moving average price of $127.28. Estée Lauder Companies has a fifty-two week low of $86.05 and a fifty-two week high of $165.76. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The stock has a market cap of $33.29 billion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.79 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. During the same period last year, the firm posted $0.07 EPS. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

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

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Kimelman & Baird LLC bought a new position in Estée Lauder Companies during the second quarter valued at about $32,000. Brown Shipley& Co Ltd lifted its holdings in Estée Lauder Companies by 1.0% in the 2nd quarter. Brown Shipley& Co Ltd now owns 40,163 shares of the company’s stock valued at $4,273,000 after acquiring an additional 412 shares during the last quarter. Ecofi Investissements SA bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at about $53,000. Quarry LP acquired a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $259,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Estée Lauder Companies by 6.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 186,866 shares of the company’s stock worth $19,882,000 after purchasing an additional 11,431 shares in the last quarter. 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.