Estée Lauder Companies’ (EL) Market Perform Rating Reaffirmed at Telsey Advisory Group

by · The Cerbat Gem

Estée Lauder Companies (NYSE:EL – Get Free Report)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They currently have a $105.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 63.40% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Piper Sandler upped their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Hsbc Global Res cut shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Barclays reduced their price target on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Finally, StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Eighteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $115.77.

Check Out Our Latest Report on Estée Lauder Companies

Estée Lauder Companies Stock Performance

NYSE:EL opened at $64.26 on Thursday. The firm has a market capitalization of $23.04 billion, a PE ratio of 37.92, a PEG ratio of 1.47 and a beta of 1.01. The stock’s fifty day moving average is $91.08 and its 200 day moving average is $107.18. Estée Lauder Companies has a fifty-two week low of $63.56 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

Estée Lauder Companies (NYSE:EL – Get Free Report) last released its earnings results 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 firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. On average, sell-side analysts anticipate that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EL. Allspring Global Investments Holdings LLC raised its stake in shares of Estée Lauder Companies by 1,094.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 146,648 shares of the company’s stock worth $22,606,000 after purchasing an additional 134,371 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Estée Lauder Companies by 10.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 603,823 shares of the company’s stock valued at $93,079,000 after purchasing an additional 55,193 shares during the period. Kovack Advisors Inc. purchased a new stake in Estée Lauder Companies in the first quarter valued at $306,000. First Trust Direct Indexing L.P. grew its position in Estée Lauder Companies by 30.6% during the 1st quarter. First Trust Direct Indexing L.P. now owns 6,031 shares of the company’s stock worth $930,000 after purchasing an additional 1,414 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in shares of Estée Lauder Companies by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 18,047 shares of the company’s stock valued at $2,782,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds 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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