Wall Street Zen Upgrades Estee Lauder Companies (NYSE:EL) to “Buy”

by · The Markets Daily

Estee Lauder Companies (NYSE:EL – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. TD Cowen increased their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $111.00 price objective on shares of Estee Lauder Companies in a report on Monday, August 17th. UBS Group lifted their price objective on Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Finally, Piper Sandler upped their target price on Estee Lauder Companies from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.67.

Get Our Latest Analysis on Estee Lauder Companies

Estee Lauder Companies Price Performance

Shares of EL stock opened at $96.99 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The firm has a market cap of $35.09 billion, a P/E ratio of 197.95, a P/E/G ratio of 1.13 and a beta of 1.28. The business’s 50 day moving average price is $90.33 and its 200-day moving average price is $85.75.

Estee Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, equities research analysts anticipate that Estee Lauder Companies will post 3.3 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Rashida La Lande sold 7,766 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the transaction, the vice president directly owned 14,357 shares in the company, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 3,775 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the sale, the director directly owned 50,971 shares in the company, valued at approximately $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,105 shares of company stock valued at $1,729,325 in the last ninety days. Insiders own 13.05% of the company’s stock.

Hedge Funds Weigh In On Estee Lauder Companies

Several large investors have recently modified their holdings of the stock. Tidal Investments LLC grew its position in Estee Lauder Companies by 24.9% during the 2nd quarter. Tidal Investments LLC now owns 1,137,758 shares of the company’s stock valued at $89,826,000 after purchasing an additional 226,888 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Estee Lauder Companies by 104.0% in the second quarter. Engineers Gate Manager LP now owns 77,397 shares of the company’s stock worth $6,110,000 after buying an additional 39,457 shares during the last quarter. Cidel Asset Management Inc. purchased a new position in Estee Lauder Companies in the second quarter worth about $205,000. Integrated Wealth Concepts LLC lifted its stake in shares of Estee Lauder Companies by 348.3% in the second quarter. Integrated Wealth Concepts LLC now owns 14,791 shares of the company’s stock worth $1,168,000 after buying an additional 11,492 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Estee Lauder Companies by 60.8% in the second quarter. NewEdge Advisors LLC now owns 13,389 shares of the company’s stock worth $1,057,000 after buying an additional 5,065 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

(Get Free Report)

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

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