Estée Lauder Companies (NYSE:EL) Given a $245.00 Price Target at Piper Sandler

Estée Lauder Companies (NYSE:ELGet Rating) has been assigned a $245.00 target price by research analysts at Piper Sandler in a research report issued on Thursday, Stock Target Advisor reports. Piper Sandler’s target price suggests a potential upside of 4.94% from the company’s previous close.

Several other research analysts have also weighed in on EL. JPMorgan Chase & Co. lowered their target price on shares of Estée Lauder Companies from $273.00 to $220.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. Bank of America upped their target price on shares of Estée Lauder Companies from $215.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday. Canaccord Genuity Group assumed coverage on shares of Estée Lauder Companies in a research report on Thursday. They set a “hold” rating and a $228.00 target price on the stock. Jefferies Financial Group lowered their price target on shares of Estée Lauder Companies from $324.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Finally, Berenberg Bank lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $323.00 to $220.00 in a research report on Monday, November 7th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Moderate Buy” and a consensus price target of $262.41.

Estée Lauder Companies Trading Up 2.3 %

NYSE EL opened at $233.46 on Thursday. The stock has a market capitalization of $83.30 billion, a P/E ratio of 38.98, a P/E/G ratio of 4.41 and a beta of 0.96. Estée Lauder Companies has a 52-week low of $186.47 and a 52-week high of $374.20. The firm has a 50-day moving average price of $219.65 and a 200 day moving average price of $242.34. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.10. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. Equities research analysts expect that Estée Lauder Companies will post 5.35 EPS for the current year.

Insiders Place Their Bets

In other Estée Lauder Companies news, EVP Carl P. Haney sold 7,559 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $252.05, for a total transaction of $1,905,245.95. Following the transaction, the executive vice president now owns 3,296 shares of the company’s stock, valued at $830,756.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Estée Lauder Companies news, insider Hudis Jane Hertzmark sold 6,667 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $274.30, for a total transaction of $1,828,758.10. Following the transaction, the insider now owns 24,485 shares of the company’s stock, valued at $6,716,235.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Carl P. Haney sold 7,559 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $252.05, for a total transaction of $1,905,245.95. Following the transaction, the executive vice president now directly owns 3,296 shares in the company, valued at approximately $830,756.80. The disclosure for this sale can be found here. Insiders have sold a total of 39,727 shares of company stock valued at $10,591,510 over the last quarter. Company insiders own 12.75% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Estée Lauder Companies by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 18,112,285 shares of the company’s stock valued at $3,910,442,000 after acquiring an additional 191,335 shares during the period. State Street Corp raised its stake in shares of Estée Lauder Companies by 1.9% in the 1st quarter. State Street Corp now owns 9,946,170 shares of the company’s stock valued at $2,708,541,000 after acquiring an additional 184,272 shares during the period. Jennison Associates LLC grew its holdings in Estée Lauder Companies by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock valued at $1,676,545,000 after purchasing an additional 212,961 shares in the last quarter. Royal Bank of Canada grew its holdings in Estée Lauder Companies by 7.0% during the 3rd quarter. Royal Bank of Canada now owns 4,417,198 shares of the company’s stock valued at $953,675,000 after purchasing an additional 289,510 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Estée Lauder Companies by 2.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,493,915 shares of the company’s stock valued at $889,795,000 after purchasing an additional 80,313 shares in the last quarter. Hedge funds and other institutional investors own 56.96% of the company’s stock.

About Estée Lauder Companies

(Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It 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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