Estée Lauder Companies (NYSE:EL) Receives “Market Perform” Rating from Telsey Advisory Group

Estée Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating reissued by investment analysts at Telsey Advisory Group in a report released on Wednesday, Benzinga reports. They presently have a $155.00 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 24.51% from the stock’s previous close.

A number of other analysts also recently issued reports on EL. Wells Fargo & Company lifted their price objective on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. StockNews.com cut shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Finally, Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.36.

Estée Lauder Companies Price Performance

Shares of EL stock traded down $22.22 during mid-day trading on Wednesday, hitting $124.49. The company had a trading volume of 6,507,863 shares, compared to its average volume of 2,687,699. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The company has a market capitalization of $44.63 billion, a P/E ratio of 95.76, a P/E/G ratio of 3.85 and a beta of 1.07. The stock’s 50 day moving average price is $146.90 and its 200-day moving average price is $138.33. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $246.48.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Equities research analysts forecast that Estée Lauder Companies will post 2.23 earnings per share for the current year.

Institutional Trading of Estée Lauder Companies

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Estée Lauder Companies by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 19,435,995 shares of the company’s stock worth $2,842,514,000 after purchasing an additional 809,370 shares during the period. FMR LLC increased its stake in shares of Estée Lauder Companies by 35.4% in the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after acquiring an additional 1,387,271 shares during the period. Morgan Stanley raised its holdings in shares of Estée Lauder Companies by 6.0% during the third quarter. Morgan Stanley now owns 4,483,459 shares of the company’s stock worth $648,085,000 after purchasing an additional 254,198 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Estée Lauder Companies by 13.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company’s stock valued at $607,169,000 after purchasing an additional 496,308 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Estée Lauder Companies by 68.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after purchasing an additional 1,512,982 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.