Royal Bank Of Canada Reiterates “Outperform” Rating for Estee Lauder Companies (NYSE:EL)

Estee Lauder Companies (NYSE:EL)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $113.00 target price on the stock. Royal Bank Of Canada’s price objective suggests a potential downside of 4.99% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group began coverage on Estee Lauder Companies in a report on Wednesday, January 14th. They set a “hold” rating and a $110.00 price objective on the stock. Rothschild & Co Redburn lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $83.00 to $70.00 in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a report on Thursday, January 22nd. Wall Street Zen raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, UBS Group boosted their price objective on shares of Estee Lauder Companies from $105.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $103.00.

Estee Lauder Companies Price Performance

NYSE:EL traded up $0.17 during trading hours on Tuesday, hitting $118.93. The company’s stock had a trading volume of 1,211,612 shares, compared to its average volume of 3,321,508. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.32 and a quick ratio of 0.92. The company has a market capitalization of $42.86 billion, a P/E ratio of -46.13, a PEG ratio of 1.35 and a beta of 1.14. Estee Lauder Companies has a twelve month low of $48.37 and a twelve month high of $121.64. The stock has a fifty day simple moving average of $107.99 and a 200-day simple moving average of $96.95.

Insider Transactions at Estee Lauder Companies

In related news, Director Barry S. Sternlicht sold 3,972 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total value of $364,748.76. Following the completion of the sale, the director directly owned 34,812 shares of the company’s stock, valued at $3,196,785.96. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Meridith Webster sold 5,430 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. The disclosure for this sale is available in the SEC filing. Insiders own 13.05% of the company’s stock.

Institutional Trading of Estee Lauder Companies

Several hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Estee Lauder Companies during the fourth quarter worth approximately $32,000. N.E.W. Advisory Services LLC lifted its holdings in Estee Lauder Companies by 39.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after purchasing an additional 91 shares during the period. Quent Capital LLC bought a new position in Estee Lauder Companies in the 3rd quarter valued at about $33,000. Hantz Financial Services Inc. lifted its stake in shares of Estee Lauder Companies by 80.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $33,000 after acquiring an additional 166 shares during the period. Finally, Asset Dedication LLC raised its holdings in Estee Lauder Companies by 258.7% during the second quarter. Asset Dedication LLC now owns 391 shares of the company’s stock worth $32,000 after purchasing an additional 282 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

About Estee Lauder Companies

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.