Estée Lauder Companies’ (EL) “Outperform” Rating Reiterated at Royal Bank of Canada

Estée Lauder Companies (NYSE:EL)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research report issued on Friday,Benzinga reports. They currently have a $100.00 price objective on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 19.74% from the stock’s current price.

Several other analysts also recently issued reports on EL. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Barclays upped their price target on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Citigroup downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Finally, Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.95.

Estée Lauder Companies Stock Down 2.3 %

EL stock opened at $83.51 on Friday. The company has a market cap of $29.98 billion, a P/E ratio of 149.13, a P/E/G ratio of 5.85 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. The company’s 50-day moving average price is $77.10 and its 200 day moving average price is $84.06. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research analysts expect that Estée Lauder Companies will post 1.49 earnings per share for the current fiscal year.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Large investors have recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC grew its holdings in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies during the 4th quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies during the 3rd quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

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.