Estee Lauder Companies, Inc. (The) (EL) Given a $135.00 Price Target by Piper Jaffray Companies Analysts

Estee Lauder Companies, Inc. (The) (NYSE:EL) received a $135.00 target price from equities researchers at Piper Jaffray Companies in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock.

Other equities analysts have also issued reports about the stock. Jefferies Group LLC restated a “buy” rating and set a $110.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, July 6th. Stifel Nicolaus set a $108.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Thursday, July 6th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $110.00 price target (up from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. Argus upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, August 22nd. Finally, Deutsche Bank AG restated a “buy” rating and set a $108.00 price target (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Estee Lauder Companies, Inc. (The) presently has an average rating of “Buy” and a consensus target price of $117.42.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. Estee Lauder Companies, Inc. (The)’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share.

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In related news, Director Barry S. Sternlicht sold 10,000 shares of the company’s 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 sale, the director now directly owns 40,982 shares of the company’s stock, valued at approximately $4,356,386.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sara E. Moss sold 14,552 shares of the company’s stock in a transaction that occurred 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. Over the last ninety days, insiders have sold 639,542 shares of company stock worth $68,666,033. 16.24% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its position in shares of Estee Lauder Companies, Inc. (The) by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after purchasing an additional 633 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Estee Lauder Companies, Inc. (The) by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at approximately $147,000. Sun Life Financial INC increased its position in shares of Estee Lauder Companies, Inc. (The) by 16,290.0% in the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Estee Lauder Companies, Inc. (The) by 4.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after purchasing an additional 86 shares during the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

About Estee Lauder Companies, Inc. (The)

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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