Estée Lauder Companies’ (EL) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Estée Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating restated by Telsey Advisory Group in a research note issued on Thursday, Benzinga reports. They presently have a $155.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential upside of 5.18% from the company’s current price.

A number of other analysts also recently issued reports on EL. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 target price on the stock. StockNews.com downgraded shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Barclays increased their price objective on Estée Lauder Companies from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price target for the company. in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $168.00.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $147.36 on Thursday. The stock has a market capitalization of $52.82 billion, a price-to-earnings ratio of 113.35, a price-to-earnings-growth ratio of 3.90 and a beta of 1.07. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $253.24. The firm has a 50-day simple moving average of $146.84 and a 200-day simple moving average of $138.16. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. On average, equities analysts predict that Estée Lauder Companies will post 2.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors have recently modified their holdings of EL. Cambridge Investment Research Advisors Inc. lifted its holdings in Estée Lauder Companies by 49.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,321 shares of the company’s stock worth $1,437,000 after buying an additional 3,071 shares during the last quarter. Premier Path Wealth Partners LLC purchased a new stake in Estée Lauder Companies during the first quarter worth approximately $1,334,000. Hartford Financial Management Inc. boosted its holdings in Estée Lauder Companies by 9,340.0% in the first quarter. Hartford Financial Management Inc. now owns 1,416 shares of the company’s stock valued at $218,000 after purchasing an additional 1,401 shares in the last quarter. Simplicity Wealth LLC purchased a new position in Estée Lauder Companies in the first quarter valued at approximately $3,146,000. Finally, Spire Wealth Management raised its holdings in Estée Lauder Companies by 23.3% during the first quarter. Spire Wealth Management now owns 550 shares of the company’s stock worth $85,000 after purchasing an additional 104 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

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.