Estée Lauder Companies (NYSE:EL) PT Lowered to $131.00

Estée Lauder Companies (NYSE:EL) had its price objective lowered by research analysts at Canaccord Genuity Group from $140.00 to $131.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential downside of 1.46% from the company’s current price.

A number of other brokerages have also recently issued reports on EL. Royal Bank of Canada lifted their price objective on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. DA Davidson reiterated a “buy” rating and issued a $191.00 target price on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Barclays boosted their price target on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Wells Fargo & Company boosted their price target on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $155.00 price target on shares of Estée Lauder Companies in a research note on Wednesday. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Trading Down 1.5 %

Shares of EL traded down $2.00 during trading hours on Thursday, hitting $132.94. 3,791,987 shares of the stock were exchanged, compared to its average volume of 2,776,756. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. The business has a 50-day moving average of $145.88 and a 200-day moving average of $138.18. The firm has a market capitalization of $47.66 billion, a P/E ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts expect that Estée Lauder Companies will post 2.22 EPS for the current year.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently made changes to their positions in EL. Keybank National Association OH raised its stake in Estée Lauder Companies by 11.3% during the 3rd quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock worth $651,000 after acquiring an additional 458 shares during the period. Impax Asset Management Group plc raised its stake in Estée Lauder Companies by 517.6% during the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after acquiring an additional 39,082 shares during the period. Unique Wealth Strategies LLC bought a new stake in Estée Lauder Companies during the 4th quarter worth approximately $819,000. ICICI Prudential Asset Management Co Ltd grew its holdings in Estée Lauder Companies by 221.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock valued at $9,075,000 after buying an additional 43,280 shares in the last quarter. Finally, YCG LLC grew its holdings in Estée Lauder Companies by 5.7% during the 4th quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after buying an additional 9,619 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.