Piper Sandler Issues Positive Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL - Get Free Report) had its price target hoisted by analysts at Piper Sandler from $91.00 to $98.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 19.04% from the stock's current price.

A number of other analysts also recently commented on the stock. Hsbc Global Res downgraded shares of Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 16th. Barclays upped their price objective on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an "equal weight" rating in a research note on Friday, January 17th. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $100.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. DA Davidson restated a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, January 22nd. Finally, B. Riley dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $92.68.

Estée Lauder Companies Stock Down 0.8 %

Estée Lauder Companies stock traded down $0.65 during mid-day trading on Wednesday, reaching $82.33. 3,072,568 shares of the company's stock were exchanged, compared to its average volume of 3,211,393. The company has a fifty day moving average of $76.11 and a 200-day moving average of $84.19. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.75. The company has a market cap of $29.55 billion, a P/E ratio of 147.01, a P/E/G ratio of 5.60 and a beta of 1.02.

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

Insider Activity

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

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $29,000. Eagle Bay Advisors LLC increased its stake in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies during the third quarter valued at about $31,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors 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, and powders, as well as compacts, brushes, and other makeup tools.