Estee Lauder Companies, Inc. (The) (EL) Price Target Increased to $142.00 by Analysts at Argus

Estee Lauder Companies, Inc. (The) (NYSE:EL) had its price target boosted by analysts at Argus from $125.00 to $142.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Argus’ target price would suggest a potential upside of 27.00% from the company’s current price.

Several other research firms also recently commented on EL. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, August 10th. DA Davidson reiterated a “neutral” rating and issued a $125.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday. BidaskClub upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Bank of America Corporation lifted their price objective on Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $116.62.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share.

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In other news, Director Barry S. Sternlicht sold 10,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the completion of the transaction, the director now directly owns 40,982 shares in the company, valued at $4,356,386.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory Polcer sold 25,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 580,641 shares of company stock valued at $61,605,635 over the last quarter. Company insiders own 16.24% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in EL. Janus Henderson Group PLC lifted its holdings in shares of 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 valued at $450,675,000 after purchasing an additional 4,431,247 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter valued at approximately $186,061,000. Northern Trust Corp lifted its holdings in shares of 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 valued at $358,214,000 after purchasing an additional 1,086,562 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of 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 valued at $1,420,311,000 after purchasing an additional 1,022,956 shares during the last quarter. Finally, Fred Alger Management Inc. purchased a new position in shares of Estee Lauder Companies, Inc. (The) during the second quarter valued at approximately $94,952,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

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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