Estee Lauder Companies Inc (NYSE:EL) has received an average recommendation of “Buy” from the twenty-six brokerages that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $120.56.
Several analysts have issued reports on the company. Wells Fargo & Co restated a “buy” rating and issued a $150.00 target price on shares of Estee Lauder Companies in a research note on Wednesday. Oppenheimer boosted their target price on Estee Lauder Companies from $130.00 to $148.00 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd. CIBC restated an “outperform” rating and issued a $148.00 target price (up from $130.00) on shares of Estee Lauder Companies in a research note on Tuesday, January 23rd. Piper Jaffray Companies set a $144.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Jefferies Group set a $148.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research note on Wednesday, January 17th.
Shares of Estee Lauder Companies (NYSE EL) traded down $0.23 during trading hours on Friday, hitting $136.40. 452,146 shares of the stock traded hands, compared to its average volume of 1,394,688. The stock has a market capitalization of $50,310.00, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.59 and a beta of 0.71. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies has a 1-year low of $79.35 and a 1-year high of $138.20.
In related news, Director Richard F. Zannino sold 23,312 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $119.23, for a total transaction of $2,779,489.76. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at $1,669,220. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Demsey sold 77,608 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the transaction, the insider now owns 23,305 shares of the company’s stock, valued at $2,971,853.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,566,381 shares of company stock valued at $195,955,337. 16.24% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Chicago Equity Partners LLC bought a new stake in shares of Estee Lauder Companies during the 4th quarter worth about $8,029,000. Braun Stacey Associates Inc. increased its position in shares of Estee Lauder Companies by 20.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 12,830 shares of the company’s stock worth $1,632,000 after acquiring an additional 2,135 shares in the last quarter. LMR Partners LLP increased its position in shares of Estee Lauder Companies by 588.2% in the fourth quarter. LMR Partners LLP now owns 20,900 shares of the company’s stock worth $2,659,000 after acquiring an additional 17,863 shares in the last quarter. PGGM Investments purchased a new position in shares of Estee Lauder Companies in the fourth quarter worth approximately $14,085,000. Finally, BB&T Corp purchased a new position in shares of Estee Lauder Companies in the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 53.69% of the company’s stock.
Estee Lauder Companies Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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