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

Estee Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $105.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential downside of 8.90% from the stock’s previous close.

A number of other research analysts have also commented on EL. Zacks Research upgraded Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Evercore ISI upped their target price on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Thursday, January 22nd. Jefferies Financial Group initiated coverage on shares of Estee Lauder Companies in a report on Wednesday, January 14th. They set a “hold” rating and a $110.00 price objective on the stock. Finally, Wall Street Zen raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and an average target price of $103.00.

Estee Lauder Companies Stock Performance

Shares of EL opened at $115.26 on Friday. The company has a market capitalization of $41.54 billion, a PE ratio of -44.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.32 and a quick ratio of 0.92. Estee Lauder Companies has a one year low of $48.37 and a one year high of $120.27. The company’s fifty day moving average price is $106.98 and its 200 day moving average price is $96.40.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.17. Estee Lauder Companies had a positive return on equity of 14.92% and a negative net margin of 6.44%.The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the business posted $0.14 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts expect that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Insider Transactions at Estee Lauder Companies

In other Estee Lauder Companies news, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total value of $364,748.76. Following the completion of the sale, the director owned 34,812 shares in the company, valued at approximately $3,196,785.96. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Meridith Webster sold 5,430 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total transaction of $476,971.20. The disclosure for this sale is available in the SEC filing. Company insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Estee Lauder Companies

Several hedge funds and other institutional investors have recently made changes to their positions in EL. Prime Capital Investment Advisors LLC lifted its stake in shares of Estee Lauder Companies by 3.2% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,823 shares of the company’s stock valued at $296,000 after acquiring an additional 88 shares during the period. N.E.W. Advisory Services LLC lifted its position in Estee Lauder Companies by 39.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in shares of Estee Lauder Companies by 4.2% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,629 shares of the company’s stock valued at $232,000 after purchasing an additional 107 shares during the last quarter. Greenleaf Trust grew its position in shares of Estee Lauder Companies by 3.2% during the 4th quarter. Greenleaf Trust now owns 3,579 shares of the company’s stock worth $375,000 after buying an additional 110 shares during the period. Finally, Generali Asset Management SPA SGR raised its stake in shares of Estee Lauder Companies by 1.6% during the second quarter. Generali Asset Management SPA SGR now owns 7,361 shares of the company’s stock worth $595,000 after buying an additional 119 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.