Estée Lauder Companies (NYSE:EL) Given New $62.00 Price Target at UBS Group

Estée Lauder Companies (NYSE:EL) had its target price hoisted by equities researchers at UBS Group from $60.00 to $62.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 4.45% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada dropped their price objective on shares of Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a research note on Tuesday, April 29th. Barclays cut their target price on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup lowered their price target on Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.20.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $59.36 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. Estée Lauder Companies has a 1 year low of $48.37 and a 1 year high of $139.34. The company’s 50-day moving average is $62.50 and its 200 day moving average is $70.67. The stock has a market capitalization of $21.31 billion, a P/E ratio of -30.44, a P/E/G ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. On average, sell-side analysts expect that Estée Lauder Companies will post 1.36 earnings per share for the current year.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently bought and sold shares of EL. Vanguard Group Inc. grew its position in shares of Estée Lauder Companies by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares in the last quarter. FMR LLC boosted its stake in Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock valued at $1,078,406,000 after buying an additional 8,930,011 shares during the last quarter. Independent Franchise Partners LLP grew its holdings in Estée Lauder Companies by 45.5% during the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company’s stock valued at $589,205,000 after buying an additional 2,458,379 shares in the last quarter. Capital World Investors bought a new stake in Estée Lauder Companies in the 4th quarter worth approximately $554,509,000. Finally, Invesco Ltd. raised its holdings in shares of Estée Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company’s stock worth $410,984,000 after acquiring an additional 3,278,632 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

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