Estée Lauder Companies (NYSE:EL) PT Lowered to $129.00

Estée Lauder Companies (NYSE:EL) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $145.00 to $129.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 24.16% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Bank of America lowered their price objective on shares of Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler decreased their price objective on Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday. Telsey Advisory Group dropped their target price on shares of Estée Lauder Companies from $142.00 to $115.00 and set a “market perform” rating on the stock in a report on Friday. DA Davidson reiterated a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, April 22nd. Finally, StockNews.com raised Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $151.67.

Estée Lauder Companies Trading Up 2.3 %

EL traded up $2.29 during trading on Friday, reaching $103.90. 1,087,929 shares of the company’s stock were exchanged, compared to its average volume of 2,798,537. Estée Lauder Companies has a fifty-two week low of $101.35 and a fifty-two week high of $194.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market capitalization of $37.25 billion, a PE ratio of 58.37, a P/E/G ratio of 1.70 and a beta of 0.99. The company’s fifty day moving average price is $119.79 and its 200-day moving average price is $134.79.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, equities analysts forecast that Estée Lauder Companies will post 2.22 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Jueptner sold 12,786 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the completion of the sale, the insider now owns 5,578 shares in the company, valued at approximately $728,598.36. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last quarter. Company insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in EL. Teachers Retirement System of The State of Kentucky grew its holdings in Estée Lauder Companies by 113.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock worth $22,900,000 after purchasing an additional 83,320 shares during the period. BNP Paribas purchased a new position in shares of Estée Lauder Companies in the first quarter valued at $997,000. Public Employees Retirement Association of Colorado lifted its holdings in Estée Lauder Companies by 3,477.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock worth $82,804,000 after purchasing an additional 550,355 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Estée Lauder Companies by 517.6% during the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock valued at $6,820,000 after buying an additional 39,082 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $819,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.