Estee Lauder Companies Inc. (NYSE:EL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Estimates have been revised upward since the last 7 days for the Estee Lauder stock. aggressive marketing investments and continued product innovation are encouraging.  The company has been reporting higher top line and margins backed by its strategic initiatives. Going ahead, the company’s strategic initiatives to boost sales and the growing global beauty sector are expected to boost results. Though Estee Lauder expects growth opportunities in product categories in fiscal 2017, economic challenges will likely persist. slower retail growth in Hong Kong and China, a decline in spending by Russian and Brazilian travelers, the impact of the MERS virus on its travel retail business in Korea and unfavorable currency are expected to affect sales negatively. Hence the company remained cautious while providing its guidance for the year. “

Other research analysts have also recently issued research reports about the stock. B. Riley restated a “neutral” rating and set a $94.00 price objective on shares of Estee Lauder Companies in a report on Sunday, August 28th. Berenberg Bank began coverage on shares of Estee Lauder Companies in a report on Friday, September 9th. They set a “buy” rating and a $105.00 price objective for the company. Piper Jaffray Cos. boosted their price objective on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Stifel Nicolaus restated a “buy” rating and set a $105.00 price objective on shares of Estee Lauder Companies in a report on Friday, August 19th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $100.00 price objective (up previously from $98.00) on shares of Estee Lauder Companies in a report on Friday, July 15th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$100.42.

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

Shares of Estee Lauder Companies (NYSE:EL) opened at 87.67 on Wednesday. The company’s 50-day moving average is $88.15 and its 200 day moving average is $91.83. The firm has a market capitalization of $32.06 billion, a price-to-earnings ratio of 29.62 and a beta of 0.91. Estee Lauder Companies has a 1-year low of $80.18 and a 1-year high of $97.48.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Friday, August 19th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.40 by $0.15. Estee Lauder Companies had a return on equity of 33.20% and a net margin of 9.90%. The business had revenue of $2.65 billion for the quarter. During the same period last year, the company posted $0.40 EPS. Estee Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect that Estee Lauder Companies will post ($0.07) EPS for the current fiscal year.

In other Estee Lauder Companies news, Director Charlene Barshefsky sold 2,216 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of C$91.39, for a total transaction of C$202,520.24. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at C$365,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fabrizio Freda sold 18,758 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of C$88.01, for a total transaction of C$1,650,891.58. Following the sale, the insider now directly owns 89,532 shares in the company, valued at C$7,879,711.32. The disclosure for this sale can be found here. 16.98% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in Estee Lauder Companies by 4.4% in the second quarter. FMR LLC now owns 30,920,948 shares of the company’s stock valued at $2,814,424,000 after buying an additional 1,309,267 shares during the period. Vanguard Group Inc. raised its stake in Estee Lauder Companies by 2.2% in the second quarter. Vanguard Group Inc. now owns 13,737,824 shares of the company’s stock valued at $1,250,416,000 after buying an additional 297,233 shares during the period. State Street Corp raised its stake in Estee Lauder Companies by 2.1% in the first quarter. State Street Corp now owns 8,895,393 shares of the company’s stock valued at $838,925,000 after buying an additional 186,295 shares during the period. American Century Companies Inc. raised its stake in Estee Lauder Companies by 12.2% in the second quarter. American Century Companies Inc. now owns 5,436,412 shares of the company’s stock valued at $494,822,000 after buying an additional 592,412 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in Estee Lauder Companies by 12.5% in the second quarter. TIAA CREF Investment Management LLC now owns 4,063,650 shares of the company’s stock valued at $369,873,000 after buying an additional 451,288 shares during the period. 55.38% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

5 Day Chart for NYSE:EL

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