Q4 2017 Earnings Forecast for Estee Lauder Companies, Inc. (The) Issued By Oppenheimer Holdings (NYSE:EL)

Estee Lauder Companies, Inc. (The) (NYSE:EL) – Equities research analysts at Oppenheimer Holdings boosted their Q4 2017 EPS estimates for shares of Estee Lauder Companies, Inc. (The) in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst R. Parikh now expects that the company will post earnings of $0.41 per share for the quarter, up from their prior estimate of $0.40. Oppenheimer Holdings has a “Outperform” rating and a $110.00 price target on the stock.

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A number of other research analysts have also weighed in on the stock. Wells Fargo & Company reiterated a “buy” rating and issued a $112.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday. Royal Bank Of Canada set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday. BidaskClub upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $108.00 price objective (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Finally, Bank of America Corporation lifted their price objective on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $100.03.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 99.65 on Friday. The company has a market capitalization of $36.65 billion, a PE ratio of 33.39 and a beta of 0.72. The company has a 50 day moving average price of $97.42 and a 200 day moving average price of $90.23. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $104.50.

Hedge funds have recently bought and sold shares of the company. Lloyds Banking Group plc increased its stake in Estee Lauder Companies, Inc. (The) by 1.4% in the second quarter. Lloyds Banking Group plc now owns 1,887 shares of the company’s stock valued at $181,000 after buying an additional 26 shares in the last quarter. Glenview Trust Co increased its stake in Estee Lauder Companies, Inc. (The) by 1.5% in the second quarter. Glenview Trust Co now owns 2,744 shares of the company’s stock valued at $263,000 after buying an additional 41 shares in the last quarter. Cadence Capital Management LLC increased its stake in Estee Lauder Companies, Inc. (The) by 0.7% in the second quarter. Cadence Capital Management LLC now owns 5,662 shares of the company’s stock valued at $543,000 after buying an additional 42 shares in the last quarter. Cleararc Capital Inc. increased its stake in Estee Lauder Companies, Inc. (The) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock valued at $427,000 after buying an additional 46 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV increased its stake in Estee Lauder Companies, Inc. (The) by 0.7% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,651 shares of the company’s stock valued at $734,000 after buying an additional 60 shares in the last quarter. 54.73% of the stock is owned by institutional investors and hedge funds.

In other news, insider John Demsey sold 27,524 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $97.00, for a total transaction of $2,669,828.00. Following the completion of the sale, the insider now directly owns 27,524 shares of the company’s stock, valued at approximately $2,669,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Monday, August 7th. The stock was sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. Insiders have sold a total of 86,318 shares of company stock valued at $8,291,130 over the last ninety days. 16.98% of the stock is currently owned by insiders.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Earnings History and Estimates for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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