Estée Lauder Companies (NYSE:EL) Price Target Cut to $117.00

Estée Lauder Companies (NYSE:EL) had its price target dropped by equities research analysts at Wells Fargo & Company from $130.00 to $117.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 27.80% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Estée Lauder Companies from $145.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Tuesday. Evercore ISI dropped their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday. Finally, Bank of America downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $100.00 in a research note on Friday, August 16th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $124.13.

Estée Lauder Companies Price Performance

Shares of EL opened at $91.55 on Tuesday. The stock has a market cap of $32.83 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. Estée Lauder Companies has a fifty-two week low of $86.05 and a fifty-two week high of $165.76. The firm’s 50-day simple moving average is $101.69 and its two-hundred day simple moving average is $126.73.

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, topping analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. Analysts anticipate that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In other news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of Estée Lauder Companies in the first quarter worth $26,000. Hexagon Capital Partners LLC increased its stake in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Estée Lauder Companies in the first quarter worth $35,000. Chilton Capital Management LLC increased its stake in shares of Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after purchasing an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

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.