Estee Lauder Companies, Inc. (The) (NYSE:EL)‘s stock had its “overweight” rating reiterated by equities researchers at Morgan Stanley in a research report issued on Tuesday. They presently have a $122.00 price objective on the stock, up from their prior price objective of $106.00. Morgan Stanley’s price target would indicate a potential upside of 14.55% from the company’s previous close.

EL has been the subject of a number of other research reports. Zacks Investment Research cut shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada restated a “buy” rating and issued a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, May 31st. BMO Capital Markets upgraded shares of Estee Lauder Companies, Inc. (The) from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $83.00 to $107.00 in a research note on Monday. Deutsche Bank AG increased their price objective on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Monday. Finally, BidaskClub cut shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $107.75.

Estee Lauder Companies, Inc. (EL) traded up 0.46% during trading on Tuesday, reaching $106.50. 3,170,872 shares of the company’s stock traded hands. The stock has a market capitalization of $39.20 billion, a P/E ratio of 31.79 and a beta of 0.72. The stock has a 50-day moving average price of $99.15 and a 200 day moving average price of $91.64. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $107.91.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Estee Lauder Companies, Inc. will post $3.95 earnings per share for the current year.

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In other Estee Lauder Companies, Inc. (The) news, Director Barry S. Sternlicht sold 10,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the sale, the director now owns 40,982 shares of the company’s stock, valued at approximately $4,356,386.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rose Marie Bravo sold 9,312 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $95.89, for a total transaction of $892,927.68. Following the sale, the director now directly owns 12,576 shares in the company, valued at approximately $1,205,912.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 419,300 shares of company stock worth $43,755,621. Insiders own 16.98% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BLS Capital Fondsmaeglerselskab A S acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at about $12,896,000. Macquarie Group Ltd. raised its position in shares of Estee Lauder Companies, Inc. (The) by 63.1% in the fourth quarter. Macquarie Group Ltd. now owns 31,560 shares of the company’s stock valued at $2,414,000 after buying an additional 12,210 shares during the period. DnB Asset Management AS raised its position in shares of Estee Lauder Companies, Inc. (The) by 18.7% in the first quarter. DnB Asset Management AS now owns 24,780 shares of the company’s stock valued at $2,101,000 after buying an additional 3,900 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at about $418,000. Finally, Nationwide Fund Advisors raised its position in shares of Estee Lauder Companies, Inc. (The) by 19.0% in the first quarter. Nationwide Fund Advisors now owns 220,652 shares of the company’s stock valued at $18,709,000 after buying an additional 35,178 shares during the period. 55.38% of the stock is currently owned by institutional investors.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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