Estée Lauder Companies (NYSE:EL) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Estée Lauder Companies (NYSE:EL) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $100.00 price objective on the stock.

A number of other research firms have also recently issued reports on EL. TD Cowen decreased their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday. Morgan Stanley cut their price objective on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Bank of America reduced their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Wednesday, October 16th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and an average target price of $92.95.

Estée Lauder Companies Trading Down 2.3 %

Shares of NYSE:EL opened at $83.51 on Friday. The business’s 50-day moving average is $77.10 and its 200 day moving average is $84.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $159.75. The firm has a market capitalization of $29.98 billion, a P/E ratio of 149.13, a P/E/G ratio of 5.85 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, research analysts predict that Estée Lauder Companies will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the acquisition, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies during the 3rd quarter worth approximately $31,000. Ameliora Wealth Management Ltd. purchased a new stake in Estée Lauder Companies during the fourth quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies in the fourth quarter worth $30,000. Eagle Bay Advisors LLC raised its stake in shares of Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

About Estée Lauder Companies

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.