Estee Lauder Companies, Inc. (The) (NYSE:EL) had its target price boosted by Bank of America Corporation from $115.00 to $122.00 in a research note issued to investors on Friday. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on EL. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $110.00 target price (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, August 10th. Zacks Investment Research raised Estee Lauder Companies, Inc. (The) from a hold rating to a buy rating and set a $107.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub raised Estee Lauder Companies, Inc. (The) from a hold rating to a buy rating in a research report on Monday, July 31st. Royal Bank Of Canada set a $115.00 target price on Estee Lauder Companies, Inc. (The) and gave the stock a buy rating in a research report on Monday, August 21st. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $112.00 target price (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $110.77.

Estee Lauder Companies, Inc. (NYSE EL) opened at 111.28 on Friday. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $111.79. The company’s 50-day moving average price is $108.63 and its 200 day moving average price is $97.91. The stock has a market capitalization of $40.95 billion, a P/E ratio of 33.22 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. Estee Lauder Companies, Inc. (The)’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that Estee Lauder Companies, Inc. will post $3.98 earnings per share for the current year.

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In other Estee Lauder Companies, Inc. (The) news, Director Barry S. Sternlicht sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the transaction, the director now directly owns 40,982 shares in the company, valued at $4,356,386.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory Polcer sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $110.00, for a total value of $2,750,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 580,641 shares of company stock worth $61,605,635. Corporate insiders own 16.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EL. American Beacon Advisors Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at about $100,000. Acrospire Investment Management LLC raised its holdings in Estee Lauder Companies, Inc. (The) by 2,291.7% during the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the second quarter valued at about $147,000. Parallel Advisors LLC raised its holdings in Estee Lauder Companies, Inc. (The) by 44.4% during the first quarter. Parallel Advisors LLC now owns 1,629 shares of the company’s stock valued at $149,000 after buying an additional 501 shares in the last quarter. Finally, Sun Life Financial INC raised its holdings in Estee Lauder Companies, Inc. (The) by 16,290.0% during the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after buying an additional 1,629 shares in the last quarter. Institutional investors own 54.50% of the company’s stock.

Estee Lauder Companies, Inc. (The) 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.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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