Estee Lauder Companies, Inc. (The) (NYSE:EL)‘s stock had its “outperform” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday. They currently have a $110.00 target price on the stock, up from their prior target price of $100.00. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 6.00% from the stock’s previous close. Oppenheimer Holdings also issued estimates for Estee Lauder Companies, Inc. (The)’s FY2018 earnings at $3.73 EPS and FY2019 earnings at $4.13 EPS.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their target price on shares of Estee Lauder Companies, Inc. (The) from $108.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, June 6th. Royal Bank Of Canada set a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Finally, Zacks Investment Research raised shares of 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 report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $99.73.

Shares of Estee Lauder Companies, Inc. (NYSE EL) traded down 1.12% during midday trading on Thursday, hitting $102.61. The company had a trading volume of 1,585,343 shares. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $104.50. The firm has a market capitalization of $37.74 billion, a P/E ratio of 34.39 and a beta of 0.72. The stock has a 50 day moving average price of $97.23 and a 200 day moving average price of $90.01.

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In related news, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the transaction, the insider now directly owns 83,638 shares in the company, valued at approximately $7,720,623.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 2,383 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $92.98, for a total transaction of $221,571.34. Following the transaction, the director now owns 4,000 shares in the company, valued at $371,920. The disclosure for this sale can be found here. Insiders have sold a total of 86,318 shares of company stock worth $8,291,130 over the last 90 days. Corporate insiders own 16.98% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Estee Lauder Companies, Inc. (The) by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,801,143 shares of the company’s stock valued at $1,254,989,000 after buying an additional 506,332 shares during the last quarter. BlackRock Inc. increased its position in shares of Estee Lauder Companies, Inc. (The) by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock valued at $1,167,987,000 after buying an additional 12,888,915 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Estee Lauder Companies, Inc. (The) by 1.6% in the first quarter. Wellington Management Group LLP now owns 10,915,464 shares of the company’s stock valued at $925,523,000 after buying an additional 167,133 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Estee Lauder Companies, Inc. (The) by 16.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock valued at $514,969,000 after buying an additional 880,014 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Estee Lauder Companies, Inc. (The) by 11.4% in the first quarter. TIAA CREF Investment Management LLC now owns 4,486,572 shares of the company’s stock valued at $380,416,000 after buying an additional 460,548 shares during the last quarter. Institutional investors own 54.73% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

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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