Estée Lauder Companies’ (EL) Hold Rating Reaffirmed at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued on Tuesday, Benzinga reports. They currently have a $100.00 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 9.23% from the company’s previous close.

A number of other research firms have also commented on EL. Royal Bank of Canada raised Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and set a $131.00 price target for the company in a report on Wednesday, July 24th. Evercore ISI cut their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday. Bernstein Bank raised their price target on Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Stifel Nicolaus dropped their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $100.00 in a research note on Friday, August 16th. Sixteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $124.13.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $91.55 on Tuesday. The stock has a fifty day simple moving average of $101.69 and a two-hundred day simple moving average of $126.73. Estée Lauder Companies has a 1-year low of $86.05 and a 1-year high of $165.76. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the company earned $0.07 earnings per share. Estée Lauder Companies’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Estée Lauder Companies will post 2.21 earnings per share for the current year.

Insider Transactions at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EL. Riverview Trust Co purchased a new position in Estée Lauder Companies during the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC increased its holdings in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Rothschild Investment LLC purchased a new position in Estée Lauder Companies during the 2nd quarter valued at about $30,000. PARK CIRCLE Co purchased a new position in Estée Lauder Companies during the 2nd quarter valued at about $32,000. Finally, Kimelman & Baird LLC purchased a new position in Estée Lauder Companies during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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.