Estée Lauder Companies (NYSE:EL) Stock Rating Upgraded by Piper Sandler

Estée Lauder Companies (NYSE:EL - Get Free Report) was upgraded by research analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a $114.00 price target on the stock, up from their prior price target of $95.00. Piper Sandler's price target would indicate a potential upside of 24.67% from the company's current price.

Several other research firms have also recently commented on EL. Barclays dropped their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating for the company in a research report on Friday, July 19th. Wells Fargo & Company lowered their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an "overweight" rating for the company in a report on Tuesday. DA Davidson reduced their target price on Estée Lauder Companies from $191.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday. Evercore ISI lowered their target price on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Bernstein Bank upped their price target on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $124.39.

Estée Lauder Companies Trading Down 0.1 %

Shares of NYSE EL traded down $0.07 during mid-day trading on Thursday, hitting $91.44. The stock had a trading volume of 8,446,525 shares, compared to its average volume of 3,055,529. The business has a 50 day moving average price of $101.69 and a two-hundred day moving average price of $126.73. Estée Lauder Companies has a 1 year low of $86.05 and a 1 year high of $165.76. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market cap of $32.79 billion, a P/E ratio of 52.38, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities analysts anticipate that Estée Lauder Companies will post 2.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Jane Lauder sold 14,976 shares of the firm's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the sale, the executive vice president now directly owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.77% of the stock is currently owned by insiders.

Institutional Trading of Estée Lauder Companies

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Estée Lauder Companies during the fourth quarter valued at $518,975,000. Marshall Wace LLP boosted its holdings in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company's stock valued at $211,000,000 after purchasing an additional 1,920,439 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Estée Lauder Companies during the first quarter valued at about $291,171,000. Vanguard Group Inc. increased its holdings in shares of Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company's stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Finally, Carmignac Gestion lifted its position in shares of Estée Lauder Companies by 1,908.0% in the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company's stock worth $174,895,000 after buying an additional 1,136,201 shares in the last quarter. 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.