Estée Lauder Companies (NYSE:EL) Raised to “Neutral” at Redburn Atlantic

Estée Lauder Companies (NYSE:EL) was upgraded by stock analysts at Redburn Atlantic from an “underweight” rating to a “neutral” rating in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a $150.00 target price on the stock, down from their previous target price of $160.00. Redburn Atlantic’s target price points to a potential downside of 2.75% from the company’s previous close.

Several other brokerages have also recently weighed in on EL. JPMorgan Chase & Co. lowered their price target on shares of Estée Lauder Companies from $224.00 to $191.00 and set an “overweight” rating for the company in a research report on Monday, August 21st. Barclays lowered their target price on Estée Lauder Companies from $193.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, August 22nd. DA Davidson dropped their target price on Estée Lauder Companies from $214.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, August 21st. Oppenheimer cut Estée Lauder Companies from an “outperform” rating to a “market perform” rating in a research report on Monday, June 5th. Finally, Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $265.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $208.07.

Estée Lauder Companies Stock Up 1.2 %

Shares of NYSE:EL opened at $154.24 on Friday. Estée Lauder Companies has a 52-week low of $147.18 and a 52-week high of $283.62. The stock has a market cap of $55.17 billion, a P/E ratio of 55.48, a price-to-earnings-growth ratio of 3.37 and a beta of 1.03. The business’s 50 day moving average is $169.99 and its 200 day moving average is $202.38. The company has a quick ratio of 0.99, a current ratio of 1.46 and a debt-to-equity ratio of 1.27.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Friday, August 18th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.11. Estée Lauder Companies had a return on equity of 21.79% and a net margin of 6.32%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts predict that Estée Lauder Companies will post 3.66 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total value of $272,866.28. Following the completion of the transaction, the director now directly owns 48,845 shares in the company, valued at approximately $7,421,020.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Jane Lauder sold 12,661 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $152.75, for a total transaction of $1,933,967.75. Following the completion of the transaction, the executive vice president now directly owns 55,800 shares of the company’s stock, valued at approximately $8,523,450. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charlene Barshefsky sold 1,796 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total value of $272,866.28. Following the transaction, the director now owns 48,845 shares in the company, valued at approximately $7,421,020.85. The disclosure for this sale can be found here. 12.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mach 1 Financial Group LLC purchased a new position in Estée Lauder Companies during the first quarter valued at $14,787,000. Heritage Wealth Management LLC lifted its stake in Estée Lauder Companies by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 52 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Estée Lauder Companies in the 4th quarter valued at about $27,000. North Star Investment Management Corp. lifted its position in shares of Estée Lauder Companies by 1,275.0% in the first quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock valued at $27,000 after acquiring an additional 102 shares in the last quarter. Finally, WealthPLAN Partners LLC purchased a new position in shares of Estée Lauder Companies in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.