Telsey Advisory Group Raises Estee Lauder Companies, Inc. (The) (EL) Price Target to $125.00

Estee Lauder Companies, Inc. (The) (NYSE:EL) had its price objective lifted by Telsey Advisory Group from $120.00 to $125.00 in a report issued on Thursday. The firm currently has an outperform rating on the stock.

EL has been the subject of a number of other research reports. Bank of America Corporation boosted their price objective on shares of Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the company a buy rating in a report on Friday, October 13th. Wells Fargo & Company restated an outperform rating and set a $106.00 price objective (up previously from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Sanford C. Bernstein restated an outperform rating and set a $117.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. Deutsche Bank AG boosted their price objective on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $119.00 and gave the company a buy rating in a report on Monday, August 21st. Finally, Morgan Stanley restated an overweight rating and set a $122.00 price objective (up previously from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $111.86.

Shares of Estee Lauder Companies, Inc. (EL) opened at 111.87 on Thursday. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $112.49. The company has a 50 day moving average of $109.48 and a 200 day moving average of $99.57. The stock has a market cap of $41.16 billion, a P/E ratio of 33.39 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Equities research analysts expect that Estee Lauder Companies, Inc. will post $3.99 earnings per share for the current fiscal year.

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In other Estee Lauder Companies, Inc. (The) news, EVP Gregory Polcer sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $110.00, for a total transaction of $2,750,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $105.41, for a total transaction of $210,820.00. Following the sale, the director now directly owns 26,240 shares in the company, valued at $2,765,958.40. The disclosure for this sale can be found here. In the last three months, insiders sold 580,641 shares of company stock worth $61,605,635. 16.24% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EL. Janus Henderson Group PLC raised its position in Estee Lauder Companies, Inc. (The) by 1,676.9% during the second quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after acquiring an additional 4,431,247 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Estee Lauder Companies, Inc. (The) during the second quarter worth $186,061,000. Scopus Asset Management L.P. bought a new stake in Estee Lauder Companies, Inc. (The) during the first quarter worth $122,946,000. Northern Trust Corp raised its position in Estee Lauder Companies, Inc. (The) by 41.1% during the second quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock worth $358,214,000 after acquiring an additional 1,086,562 shares in the last quarter. Finally, BlackRock Inc. raised its position in Estee Lauder Companies, Inc. (The) by 7.4% during the second quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after acquiring an additional 1,022,956 shares in the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

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