Estée Lauder Companies (NYSE:EL) PT Lowered to $131.00 at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its price target reduced by analysts at Canaccord Genuity Group from $140.00 to $131.00 in a research 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 2.92% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $191.00 price objective on shares of Estée Lauder Companies in a report on Monday, April 22nd. Raymond James upped their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. lowered their target price on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $161.08.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock traded up $7.57 on Thursday, hitting $134.94. The company’s stock had a trading volume of 4,836,635 shares, compared to its average volume of 2,776,924. The company has a market capitalization of $48.37 billion, a P/E ratio of 103.02, a price-to-earnings-growth ratio of 3.85 and a beta of 1.07. The firm has a fifty day moving average price of $146.50 and a 200-day moving average price of $138.26. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $210.01. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Estée Lauder Companies will post 2.23 earnings per share for the current fiscal year.

Institutional Trading of Estée Lauder Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Estée Lauder Companies by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 19,435,995 shares of the company’s stock worth $2,842,514,000 after buying an additional 809,370 shares in the last quarter. FMR LLC grew its holdings in Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after purchasing an additional 1,387,271 shares during the period. Morgan Stanley lifted its stake in shares of Estée Lauder Companies by 6.0% during the 3rd quarter. Morgan Stanley now owns 4,483,459 shares of the company’s stock valued at $648,085,000 after buying an additional 254,198 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Estée Lauder Companies by 13.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company’s stock worth $607,169,000 after purchasing an additional 496,308 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of Estée Lauder Companies by 68.5% in the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after buying an additional 1,512,982 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

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.