Estee Lauder Companies Inc (NYSE:EL) Receives $191.87 Average Price Target from Analysts

Shares of Estee Lauder Companies Inc (NYSE:EL) have been given an average rating of “Buy” by the twenty-four analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $195.35.

Several brokerages have weighed in on EL. Bank of America reissued a “buy” rating and set a $220.00 price objective (up from $205.00) on shares of Estee Lauder Companies in a research note on Monday, August 19th. Berenberg Bank began coverage on Estee Lauder Companies in a research note on Wednesday. They set a “buy” rating and a $230.00 target price on the stock. Credit Suisse Group upped their target price on Estee Lauder Companies from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Stifel Nicolaus upped their target price on Estee Lauder Companies from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, DA Davidson upped their target price on Estee Lauder Companies from $6.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. They noted that the move was a valuation call.

In other Estee Lauder Companies news, CEO Fabrizio Freda sold 28,819 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $206.51, for a total transaction of $5,951,411.69. Following the completion of the sale, the chief executive officer now owns 93,360 shares in the company, valued at $19,279,773.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total value of $1,346,578.24. The disclosure for this sale can be found here. In the last three months, insiders sold 2,187,217 shares of company stock worth $429,841,069. 14.68% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of EL. Coastal Investment Advisors Inc. grew its position in Estee Lauder Companies by 41.4% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 362 shares of the company’s stock worth $67,000 after purchasing an additional 106 shares during the period. Boltwood Capital Management acquired a new stake in shares of Estee Lauder Companies during the 3rd quarter valued at about $661,000. Rehmann Capital Advisory Group grew its position in shares of Estee Lauder Companies by 22.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 456 shares of the company’s stock valued at $76,000 after acquiring an additional 85 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at about $434,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at about $2,372,000. Hedge funds and other institutional investors own 54.98% of the company’s stock.

Shares of NYSE:EL traded down $2.17 during mid-day trading on Friday, reaching $185.53. The stock had a trading volume of 3,216,716 shares, compared to its average volume of 1,385,606. The company has a current ratio of 1.57, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The company has a market cap of $67.71 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.48 and a beta of 0.77. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $207.50. The business’s 50 day moving average price is $195.95 and its 200 day moving average price is $182.07.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Analysts predict that Estee Lauder Companies will post 5.98 earnings per share for the current fiscal year.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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