The Estée Lauder Companies Inc. (NYSE:EL) Receives $330.37 Average Target Price from Analysts

Shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) have received a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $330.37.

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Estée Lauder Companies to $266.00 in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Estée Lauder Companies from $289.00 to $274.00 in a research report on Wednesday, May 4th. Piper Sandler decreased their target price on shares of Estée Lauder Companies from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Raymond James decreased their target price on shares of Estée Lauder Companies from $345.00 to $320.00 in a research report on Wednesday, May 4th. Finally, Royal Bank of Canada decreased their target price on shares of Estée Lauder Companies from $361.00 to $322.00 in a research report on Wednesday, May 4th.

Estée Lauder Companies Stock Down 0.9 %

EL stock opened at $270.74 on Wednesday. Estée Lauder Companies has a 52-week low of $225.39 and a 52-week high of $374.20. The company’s 50 day simple moving average is $256.11 and its 200-day simple moving average is $268.35. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.75 and a quick ratio of 1.23. The firm has a market capitalization of $96.75 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.23 and a beta of 0.97.

Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.24. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Estée Lauder Companies will post 7.14 EPS for the current year.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 1,158 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total transaction of $275,997.72. Following the completion of the sale, the director now owns 46,828 shares in the company, valued at approximately $11,160,985.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,158 shares of the stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total transaction of $275,997.72. Following the sale, the director now owns 46,828 shares of the company’s stock, valued at approximately $11,160,985.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Carl P. Haney sold 548 shares of the stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $263.88, for a total transaction of $144,606.24. Following the sale, the executive vice president now directly owns 3,296 shares in the company, valued at approximately $869,748.48. The disclosure for this sale can be found here. Insiders sold 3,671 shares of company stock worth $888,117 in the last quarter. 13.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in the stock. Corbett Road Capital Management LLC grew its holdings in Estée Lauder Companies by 2.7% during the 4th quarter. Corbett Road Capital Management LLC now owns 1,302 shares of the company’s stock worth $482,000 after acquiring an additional 34 shares during the last quarter. Core Alternative Capital boosted its stake in shares of Estée Lauder Companies by 23.7% in the 2nd quarter. Core Alternative Capital now owns 193 shares of the company’s stock valued at $49,000 after purchasing an additional 37 shares during the last quarter. Northeast Investment Management boosted its stake in shares of Estée Lauder Companies by 0.3% in the 4th quarter. Northeast Investment Management now owns 15,118 shares of the company’s stock valued at $5,597,000 after purchasing an additional 38 shares during the last quarter. Peterson Wealth Services boosted its stake in shares of Estée Lauder Companies by 5.1% in the 2nd quarter. Peterson Wealth Services now owns 847 shares of the company’s stock valued at $216,000 after purchasing an additional 41 shares during the last quarter. Finally, Journey Advisory Group LLC boosted its stake in shares of Estée Lauder Companies by 3.4% in the 2nd quarter. Journey Advisory Group LLC now owns 1,344 shares of the company’s stock valued at $368,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 58.85% of the company’s stock.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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