Estée Lauder Companies (NYSE:EL) Price Target Cut to $145.00

Estée Lauder Companies (NYSE:EL) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $169.00 to $145.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 9.07% from the stock’s previous close.

Several other analysts have also issued reports on the company. StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Bernstein Bank increased their price target on Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday. Raymond James increased their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group began coverage on Estée Lauder Companies in a research report on Friday, March 1st. They set a “neutral” rating and a $145.00 price target for the company. Finally, Oppenheimer reissued a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $160.92.

Estée Lauder Companies Stock Down 1.5 %

Shares of Estée Lauder Companies stock traded down $2.00 during trading on Thursday, reaching $132.94. The stock had a trading volume of 3,791,987 shares, compared to its average volume of 2,776,756. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a P/E/G ratio of 3.56 and a beta of 1.07. The stock has a fifty day moving average price of $145.88 and a two-hundred day moving average price of $138.18. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $209.64. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. Sell-side analysts predict that Estée Lauder Companies will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in EL. Rakuten Securities Inc. bought a new position in Estée Lauder Companies during the 4th quarter worth $26,000. Riverview Trust Co bought a new position in Estée Lauder Companies during the 1st quarter worth $26,000. Hexagon Capital Partners LLC increased its stake in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. Exchange Traded Concepts LLC increased its stake in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in Estée Lauder Companies by 82.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares during the period. 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.