Estee Lauder Companies (EL) Coverage Initiated at Deutsche Bank
Investment analysts at Deutsche Bank initiated coverage on shares of Estee Lauder Companies (NYSE:EL) in a note issued to investors on Wednesday. The firm set a “hold” rating and a $134.00 price target on the stock. Deutsche Bank’s target price points to a potential upside of 4.73% from the company’s current price.
Several other analysts have also recently commented on the company. Jefferies Group upped their target price on Estee Lauder Companies from $112.00 to $122.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $117.00 target price on shares of Estee Lauder Companies in a report on Tuesday, August 29th. Piper Jaffray Companies set a $135.00 target price on Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. Stifel Nicolaus upped their target price on Estee Lauder Companies from $114.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley upped their target price on Estee Lauder Companies from $122.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Estee Lauder Companies presently has an average rating of “Buy” and an average target price of $118.14.
Estee Lauder Companies (NYSE EL) traded up $3.00 during trading hours on Wednesday, hitting $127.95. The stock had a trading volume of 2,379,600 shares, compared to its average volume of 1,923,664. The company has a market capitalization of $46,011.09, a PE ratio of 32.46, a P/E/G ratio of 2.41 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.27 and a current ratio of 1.75. Estee Lauder Companies has a 52 week low of $75.83 and a 52 week high of $128.57.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. equities analysts forecast that Estee Lauder Companies will post 4.16 earnings per share for the current fiscal year.
In other news, insider John Demsey sold 10,143 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $120.03, for a total transaction of $1,217,464.29. Following the transaction, the insider now directly owns 22,962 shares of the company’s stock, valued at $2,756,128.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory Polcer sold 2,730 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.11, for a total value of $295,140.30. Following the transaction, the executive vice president now directly owns 70,309 shares in the company, valued at $7,601,105.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,526,646 shares of company stock worth $190,321,370. Insiders own 16.24% of the company’s stock.
Several large investors have recently modified their holdings of the company. Jennison Associates LLC purchased a new stake in Estee Lauder Companies in the 3rd quarter valued at $664,432,000. Janus Henderson Group PLC raised its position in Estee Lauder Companies by 1,676.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after buying an additional 4,431,247 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in Estee Lauder Companies in the 2nd quarter valued at $186,061,000. Northern Trust Corp raised its position in Estee Lauder Companies by 41.1% in the 2nd quarter. Northern Trust Corp now owns 3,732,174 shares of the company’s stock valued at $358,214,000 after buying an additional 1,086,562 shares during the last quarter. Finally, BlackRock Inc. raised its position in Estee Lauder Companies by 7.4% in the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after buying an additional 1,022,956 shares during the last quarter. 53.86% of the stock is currently owned by institutional investors.
Estee Lauder Companies 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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