Estee Lauder Companies (NYSE:EL) PT Raised to $184.00

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Estee Lauder Companies (NYSE:EL) had its target price hoisted by DA Davidson from $6.00 to $184.00 in a report issued on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential downside of 9.16% from the stock’s current price. DA Davidson also issued estimates for Estee Lauder Companies’ Q1 2020 earnings at $1.60 EPS, FY2020 earnings at $6.00 EPS and FY2021 earnings at $6.63 EPS. The analysts noted that the move was a valuation call.

Several other research firms have also recently issued reports on EL. Deutsche Bank reissued a “buy” rating and set a $221.00 target price (up previously from $202.00) on shares of Estee Lauder Companies in a research note on Tuesday. Macquarie raised their price target on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Citigroup raised their price target on Estee Lauder Companies from $197.00 to $231.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James restated an “outperform” rating and set a $216.00 price target (up from $181.00) on shares of Estee Lauder Companies in a research report on Tuesday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $195.00 price target (up from $190.00) on shares of Estee Lauder Companies in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $188.88.

EL stock opened at $202.56 on Wednesday. The business has a fifty day moving average of $186.56 and a two-hundred day moving average of $171.05. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.66. The stock has a market cap of $72.97 billion, a price-to-earnings ratio of 37.93, a price-to-earnings-growth ratio of 2.64 and a beta of 0.81. Estee Lauder Companies has a 52-week low of $121.47 and a 52-week high of $206.00.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, sell-side analysts anticipate that Estee Lauder Companies will post 5.97 EPS for the current year.

In related news, EVP Alexandra C. Trower sold 6,608 shares of Estee Lauder Companies stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total value of $1,346,578.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hudis Jane Hertzmark sold 17,842 shares of Estee Lauder Companies stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $202.64, for a total value of $3,615,502.88. Following the completion of the transaction, the insider now owns 219,807 shares of the company’s stock, valued at $44,541,690.48. The disclosure for this sale can be found here. Company insiders own 16.13% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in EL. Contravisory Investment Management Inc. raised its stake in Estee Lauder Companies by 16.3% in the second quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock valued at $79,000 after buying an additional 60 shares in the last quarter. First Manhattan Co. raised its stake in Estee Lauder Companies by 15.6% in the second quarter. First Manhattan Co. now owns 444 shares of the company’s stock valued at $81,000 after buying an additional 60 shares in the last quarter. CMC Financial Group raised its stake in Estee Lauder Companies by 0.7% in the first quarter. CMC Financial Group now owns 8,536 shares of the company’s stock valued at $1,413,000 after buying an additional 61 shares in the last quarter. Berman Capital Advisors LLC raised its stake in Estee Lauder Companies by 35.0% in the second quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after buying an additional 63 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Estee Lauder Companies by 1.5% in the second quarter. Bessemer Group Inc. now owns 4,352 shares of the company’s stock valued at $797,000 after buying an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 54.82% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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