Estée Lauder Companies (NYSE:EL) Given Buy Rating at DA Davidson

by · The Cerbat Gem

Estée Lauder Companies (NYSE:EL – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They currently have a $81.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 26.56% from the company’s previous close.

Other analysts also recently issued research reports about the company. Morgan Stanley dropped their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Bank of America lowered 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. B. Riley lowered their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Finally, Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. Nineteen 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 target price of $98.57.

Get Our Latest Stock Report on Estée Lauder Companies

Estée Lauder Companies Price Performance

EL stock traded down $0.79 during midday trading on Wednesday, reaching $64.00. The company had a trading volume of 1,822,223 shares, compared to its average volume of 3,455,640. The firm has a 50-day moving average price of $83.81 and a 200-day moving average price of $99.36. The company has a market capitalization of $22.97 billion, a P/E ratio of 114.20, a P/E/G ratio of 3.85 and a beta of 1.05. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL – Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. On average, research analysts anticipate that Estée Lauder Companies will post 1.59 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 20.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock worth $1,423,366 over the last 90 days. 12.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter worth approximately $35,000. Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the second quarter worth $30,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the second quarter worth $32,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies in the second quarter worth $32,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies during the third quarter valued at $31,000. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

(Get Free Report)

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.

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