Estée Lauder Companies (NYSE:EL) Given Market Perform Rating at Telsey Advisory Group

Estée Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $76.00 price target on the stock. Telsey Advisory Group’s target price would indicate a potential downside of 9.15% from the company’s current price.

A number of other equities analysts also recently commented on EL. UBS Group upped their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Piper Sandler increased their target price on Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. TD Cowen dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Morgan Stanley cut their price target on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $92.36.

Estée Lauder Companies Stock Up 1.4 %

Shares of NYSE:EL opened at $83.66 on Tuesday. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock has a market cap of $30.03 billion, a P/E ratio of 149.39, a P/E/G ratio of 5.60 and a beta of 1.02. The firm has a fifty day moving average price of $75.37 and a 200 day moving average price of $84.46.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the business earned $0.11 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts predict that Estée Lauder Companies will post 1.51 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Estée Lauder Companies

A number of institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Estée Lauder Companies by 1.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,462 shares of the company’s stock valued at $1,834,000 after buying an additional 338 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Estée Lauder Companies by 50.5% in the 4th quarter. Bleakley Financial Group LLC now owns 8,499 shares of the company’s stock valued at $637,000 after acquiring an additional 2,852 shares during the last quarter. Choreo LLC raised its position in shares of Estée Lauder Companies by 516.1% during the 4th quarter. Choreo LLC now owns 16,591 shares of the company’s stock valued at $1,231,000 after acquiring an additional 13,898 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Estée Lauder Companies by 38.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,879 shares of the company’s stock worth $1,706,000 after purchasing an additional 6,394 shares during the last quarter. Finally, Ninety One SA PTY Ltd boosted its holdings in Estée Lauder Companies by 36.3% in the fourth quarter. Ninety One SA PTY Ltd now owns 21,113 shares of the company’s stock worth $1,583,000 after purchasing an additional 5,623 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

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, and powders, as well as compacts, brushes, and other makeup tools.