Estée Lauder Companies (NYSE:EL) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Estée Lauder Companies (NYSE:EL – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Several other brokerages have also commented on EL. Piper Sandler upped their price target on shares of Estée Lauder Companies from $290.00 to $298.00 and gave the stock an “overweight” rating in a research report on Monday, February 13th. Telsey Advisory Group increased their target price on shares of Estée Lauder Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Canaccord Genuity Group began coverage on shares of Estée Lauder Companies in a research report on Thursday, November 17th. They set a “hold” rating and a $228.00 price objective for the company. Oppenheimer increased their price target on shares of Estée Lauder Companies from $245.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 17th. Finally, Wells Fargo & Company raised their price objective on shares of Estée Lauder Companies from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.46.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $236.80 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.66 and a debt-to-equity ratio of 0.87. Estée Lauder Companies has a 52 week low of $186.47 and a 52 week high of $289.59. The stock has a market capitalization of $84.59 billion, a PE ratio of 57.62, a P/E/G ratio of 5.18 and a beta of 1.00. The firm has a 50 day moving average of $257.41 and a two-hundred day moving average of $239.29.

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

Insider Activity at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 6,831 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $280.00, for a total value of $1,912,680.00. Following the transaction, the chief executive officer now directly owns 118,931 shares of the company’s stock, valued at approximately $33,300,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 6,831 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $280.00, for a total value of $1,912,680.00. Following the completion of the transaction, the chief executive officer now owns 118,931 shares of the company’s stock, valued at approximately $33,300,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carl P. Haney sold 9,741 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $253.90, for a total transaction 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 $1,211,864.70. The disclosure for this sale can be found here. Insiders have sold a total of 33,511 shares of company stock valued at $8,943,120 in the last ninety days. Company insiders own 12.75% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Several institutional investors and hedge funds have recently modified their holdings of EL. Norges Bank purchased a new position in shares of Estée Lauder Companies during the fourth quarter valued at approximately $858,070,000. Clearbridge Investments LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth approximately $491,589,000. Price T Rowe Associates Inc. MD increased its position in Estée Lauder Companies by 48.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,065,151 shares of the company’s stock worth $1,008,604,000 after purchasing an additional 1,322,495 shares during the last quarter. Morgan Stanley increased its position in shares of Estée Lauder Companies by 20.0% in the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after acquiring an additional 1,167,553 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Estée Lauder Companies by 281.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,512,608 shares of the company’s stock worth $385,452,000 after acquiring an additional 1,115,869 shares in the last quarter. 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.