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

by · The Cerbat Gem

Royal Bank of Canada reiterated their outperform rating on shares of Estée Lauder Companies (NYSE:EL – Free Report) in a research note released on Friday morning,Benzinga reports. Royal Bank of Canada currently has a $100.00 price objective on the stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group cut their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Piper Sandler upped their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday. Canaccord Genuity Group decreased their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a report on Friday, November 1st. TD Cowen lowered their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $92.95.

Read Our Latest Stock Analysis on Estée Lauder Companies

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $83.51 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The company’s fifty day moving average price is $77.10 and its two-hundred day moving average price is $84.06. The firm has a market capitalization 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 12 month low of $62.29 and a 12 month high of $159.75.

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

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 77,500 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Several large investors have recently bought and sold shares of the stock. Peterson Wealth Services grew its position in Estée Lauder Companies by 9.8% in the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after purchasing an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after buying an additional 141 shares during the period. Blue Trust Inc. grew its position in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after buying an additional 148 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the period. Finally, Biltmore Family Office LLC raised its holdings in Estée Lauder Companies by 7.8% in the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock valued at $237,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

(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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