Royal Bank of Canada Cuts Estée Lauder Companies (NYSE:EL) Price Target to $90.00

Estée Lauder Companies (NYSE:EL) had its price objective cut by equities research analysts at Royal Bank of Canada from $100.00 to $90.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 51.62% from the company’s current price.

Several other brokerages also recently weighed in on EL. Citigroup lowered their target price on Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company dropped their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Telsey Advisory Group restated a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Thursday. Canaccord Genuity Group lowered their target price on shares of Estée Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th. Finally, Piper Sandler reissued an “overweight” rating and set a $75.00 price target (down from $92.00) on shares of Estée Lauder Companies in a report on Friday. Nineteen analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.20.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $59.36 on Friday. The firm’s fifty day simple moving average is $62.50 and its 200-day simple moving average is $70.67. Estée Lauder Companies has a 12 month low of $48.37 and a 12 month high of $139.34. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of -30.44, a PEG ratio of 6.09 and a beta of 1.12. 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 (NYSE:EL) last announced 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The business’s revenue was down 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Estée Lauder Companies will post 1.36 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Estée Lauder Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Larson Financial Group LLC boosted its position in shares of Estée Lauder Companies by 87.1% in the first quarter. Larson Financial Group LLC now owns 7,690 shares of the company’s stock worth $508,000 after acquiring an additional 3,579 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Estée Lauder Companies by 17.9% in the 1st quarter. Wealthfront Advisers LLC now owns 15,993 shares of the company’s stock valued at $1,056,000 after purchasing an additional 2,425 shares during the last quarter. Poehling Capital Management INC. grew its stake in shares of Estée Lauder Companies by 65.8% during the 1st quarter. Poehling Capital Management INC. now owns 52,245 shares of the company’s stock valued at $3,448,000 after buying an additional 20,741 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Estée Lauder Companies by 47.2% during the 1st quarter. Bleakley Financial Group LLC now owns 12,510 shares of the company’s stock valued at $826,000 after buying an additional 4,011 shares during the period. Finally, CWM LLC increased its holdings in shares of Estée Lauder Companies by 22.2% during the 1st quarter. CWM LLC now owns 6,605 shares of the company’s stock worth $436,000 after buying an additional 1,200 shares during the last quarter. 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.