Piper Sandler Increases Estée Lauder Companies (NYSE:EL) Price Target to $122.00

by · The Markets Daily

Estée Lauder Companies (NYSE:EL – Get Free Report) had its price objective increased by Piper Sandler from $114.00 to $122.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 25.44% from the company’s current price.

Other research analysts have also recently issued reports about the company. Citigroup reduced their price target on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. The Goldman Sachs Group lowered their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Canaccord Genuity Group reissued a “hold” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. Fourteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $120.64.

Check Out Our Latest Report on EL

Estée Lauder Companies Stock Down 2.4 %

Shares of Estée Lauder Companies stock opened at $97.26 on Monday. The firm has a market cap of $34.87 billion, a PE ratio of 54.64, a P/E/G ratio of 1.46 and a beta of 1.00. The business’s 50 day simple moving average is $92.28 and its 200 day simple moving average is $114.96. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. Estée Lauder Companies has a 52-week low of $82.39 and a 52-week high of $159.75.

Estée Lauder Companies (NYSE:EL – Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the company earned $0.07 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Estée Lauder Companies will post 2.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of institutional investors have recently modified their holdings of EL. Marshall Wace LLP raised its stake in Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Jennison Associates LLC bought a new position in Estée Lauder Companies in the 1st quarter valued at approximately $291,171,000. Vanguard Group Inc. boosted its position in Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Carmignac Gestion grew its stake in shares of Estée Lauder Companies by 1,908.0% during the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after buying an additional 1,136,201 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its holdings in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after buying an additional 1,066,320 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

(Get Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

Recommended Stories