JPMorgan Chase & Co. Lowers Estée Lauder Companies (NYSE:EL) Price Target to $129.00

Estée Lauder Companies (NYSE:EL) had its price objective reduced by equities research analysts at JPMorgan Chase & Co. from $145.00 to $129.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 24.16% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays lowered their price objective on Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a research report on Friday, June 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. Bank of America dropped their price target on Estée Lauder Companies from $170.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Bernstein Bank lifted their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Sixteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $151.67.

Estée Lauder Companies Stock Up 2.3 %

Shares of EL traded up $2.29 during mid-day trading on Friday, hitting $103.90. The company’s stock had a trading volume of 1,087,929 shares, compared to its average volume of 2,798,537. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 58.37, a PEG ratio of 1.70 and a beta of 0.99. Estée Lauder Companies has a 52-week low of $101.35 and a 52-week high of $194.42. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average is $119.79 and its 200-day moving average is $134.79.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the business posted $0.47 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts forecast that Estée Lauder Companies will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares in the company, valued at $6,958,990.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now owns 47,248 shares in the company, valued at $6,412,971.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,255 shares of company stock worth $5,453,232. Insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wetzel Investment Advisors Inc. grew its holdings in shares of Estée Lauder Companies by 8.3% during the 1st quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock worth $128,000 after purchasing an additional 68 shares during the period. Tradewinds Capital Management LLC lifted its position in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Estée Lauder Companies by 0.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock worth $2,440,000 after buying an additional 76 shares during the period. Haverford Trust Co increased its position in shares of Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after acquiring an additional 78 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds 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.