Estée Lauder Companies (NYSE:EL) Earns Outperform Rating from Analysts at TD Cowen

Stock analysts at TD Cowen initiated coverage on shares of Estée Lauder Companies (NYSE:EL – Get Rating) in a report issued on Tuesday, Briefing.com reports. The brokerage set an “outperform” rating on the stock.

EL has been the subject of several other reports. Telsey Advisory Group lifted their price target on Estée Lauder Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Barclays lifted their price target on Estée Lauder Companies from $224.00 to $290.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. JPMorgan Chase & Co. lifted their price target on Estée Lauder Companies from $274.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday, January 13th. DA Davidson reiterated a “buy” rating and issued a $308.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Estée Lauder Companies from $290.00 to $300.00 in a research report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.46.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $240.42 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.66 and a quick ratio of 1.11. The business has a fifty day simple moving average of $257.91 and a two-hundred day simple moving average of $239.31. Estée Lauder Companies has a 1 year low of $186.47 and a 1 year high of $289.59. The company has a market capitalization of $85.88 billion, a P/E ratio of 58.50, a P/E/G ratio of 5.18 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.25. Estée Lauder Companies had a return on equity of 32.65% and a net margin of 9.13%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.58 billion. During the same period last year, the business posted $3.01 earnings per share. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. On average, analysts expect that Estée Lauder Companies will post 4.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Carl P. Haney sold 9,741 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $253.90, for a total value of $2,473,239.90. Following the completion of the sale, the executive vice president now owns 4,773 shares of the company’s stock, valued at approximately $1,211,864.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Fabrizio Freda sold 11,705 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $270.00, for a total value of $3,160,350.00. Following the completion of the sale, the chief executive officer now owns 125,762 shares of the company’s stock, valued at approximately $33,955,740. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Carl P. Haney sold 9,741 shares of the business’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $253.90, for a total value of $2,473,239.90. Following the completion of the sale, the executive vice president now directly owns 4,773 shares of the company’s stock, valued at approximately $1,211,864.70. The disclosure for this sale can be found here. Insiders sold a total of 33,511 shares of company stock valued at $8,943,120 over the last 90 days. Insiders own 12.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vigilant Capital Management LLC increased its holdings in Estée Lauder Companies by 280.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares during the period. Heritage Wealth Management LLC grew its holdings in shares of Estée Lauder Companies by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 52 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $27,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Estée Lauder Companies by 52.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock worth $29,000 after acquiring an additional 40 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in shares of Estée Lauder Companies during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 55.74% of the company’s stock.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.