Estee Lauder Companies (NYSE:EL) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a $153.00 price objective on the stock. Morgan Stanley’s price objective would suggest a potential upside of 4.27% from the stock’s current price.
Several other brokerages have also issued reports on EL. ValuEngine raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Bank of America upped their target price on Estee Lauder Companies from $152.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 5th. Credit Suisse Group initiated coverage on Estee Lauder Companies in a research report on Monday, March 12th. They set an “outperform” rating and a $162.00 target price on the stock. Piper Jaffray Companies set a $152.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a research report on Tuesday, March 27th. Finally, Zacks Investment Research lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $143.67.
Estee Lauder Companies opened at $146.74 on Monday, according to MarketBeat.com. The firm has a market capitalization of $56.13 billion, a PE ratio of 42.29, a P/E/G ratio of 2.50 and a beta of 0.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 1.37. Estee Lauder Companies has a 12 month low of $93.45 and a 12 month high of $158.80.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.10. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.25 billion. Estee Lauder Companies had a return on equity of 35.88% and a net margin of 8.67%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. research analysts expect that Estee Lauder Companies will post 4.46 earnings per share for the current year.
In other Estee Lauder Companies news, EVP Gregory Polcer sold 40,797 shares of the business’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $150.00, for a total transaction of $6,119,550.00. Following the sale, the executive vice president now owns 110,706 shares in the company, valued at approximately $16,605,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.24% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in Estee Lauder Companies by 3.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 369,788 shares of the company’s stock worth $55,364,000 after purchasing an additional 13,855 shares during the period. HighPoint Advisor Group LLC acquired a new position in Estee Lauder Companies in the 4th quarter worth about $945,000. Flinton Capital Management LLC raised its holdings in Estee Lauder Companies by 71.2% in the 4th quarter. Flinton Capital Management LLC now owns 11,312 shares of the company’s stock worth $1,439,000 after purchasing an additional 4,704 shares during the period. Chemical Bank acquired a new position in Estee Lauder Companies in the 4th quarter worth about $286,000. Finally, Xact Kapitalforvaltning AB raised its holdings in Estee Lauder Companies by 6.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 43,954 shares of the company’s stock worth $5,593,000 after purchasing an additional 2,762 shares during the period. Hedge funds and other institutional investors own 54.30% of the company’s stock.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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