DA Davidson Reiterates Buy Rating for Estée Lauder Companies (NYSE:EL)

Estée Lauder Companies (NYSE:EL)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a research note issued to investors on Monday, Benzinga reports. They currently have a $191.00 target price on the stock. DA Davidson’s price objective suggests a potential upside of 28.27% from the company’s current price.

Several other analysts also recently commented on EL. Wells Fargo & Company raised their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, Barclays boosted their price objective on Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $168.00.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $148.90 on Monday. The stock has a market capitalization of $53.38 billion, a PE ratio of 114.54, a PEG ratio of 3.78 and a beta of 1.07. The business’s 50 day simple moving average is $146.75 and its 200 day simple moving average is $138.10. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. Estée Lauder Companies has a one year low of $102.22 and a one year high of $255.80.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 EPS. As a group, research analysts forecast that Estée Lauder Companies will post 2.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its position in Estée Lauder Companies by 60.3% in the third quarter. CWM LLC now owns 4,013 shares of the company’s stock worth $580,000 after acquiring an additional 1,509 shares during the period. IFP Advisors Inc grew its stake in Estée Lauder Companies by 21.1% during the third quarter. IFP Advisors Inc now owns 785 shares of the company’s stock valued at $113,000 after acquiring an additional 137 shares in the last quarter. HB Wealth Management LLC lifted its stake in Estée Lauder Companies by 68.2% in the 3rd quarter. HB Wealth Management LLC now owns 3,270 shares of the company’s stock worth $473,000 after purchasing an additional 1,326 shares in the last quarter. Douglas Lane & Associates LLC grew its position in shares of Estée Lauder Companies by 10.5% during the third quarter. Douglas Lane & Associates LLC now owns 60,274 shares of the company’s stock valued at $8,713,000 after purchasing an additional 5,731 shares in the last quarter. Finally, 1900 Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies in the third quarter worth about $211,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.