Estée Lauder Companies (NYSE:EL) Price Target Raised to $98.00 at Piper Sandler

Estée Lauder Companies (NYSE:EL) had its target price boosted by investment analysts at Piper Sandler from $91.00 to $98.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 18.96% from the company’s previous close.

Several other brokerages have also recently issued reports on EL. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $80.00 in a research note on Thursday, October 31st. 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 report on Thursday, January 16th. Wells Fargo & Company increased their target price on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 7th. HSBC lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Wednesday, October 16th. Finally, Bank of America reduced their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.68.

Estée Lauder Companies Stock Down 0.7 %

EL opened at $82.38 on Wednesday. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The company has a fifty day moving average of $76.11 and a two-hundred day moving average of $84.19. The stock has a market capitalization of $29.57 billion, a price-to-earnings ratio of 147.11, a PEG ratio of 5.60 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, research analysts expect that Estée Lauder Companies will post 1.51 earnings per share for the current year.

Insider Activity at Estée Lauder Companies

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

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors have recently bought and sold shares of the stock. Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies in the second quarter valued at approximately $32,000. Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies during the third quarter valued at approximately $31,000. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $30,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. 55.15% of the stock is currently 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, and powders, as well as compacts, brushes, and other makeup tools.