Hsbc Global Res Downgrades Estée Lauder Companies (NYSE:EL) to Hold

Estée Lauder Companies (NYSE:EL) was downgraded by equities research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Raymond James lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. B. Riley began coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 target price for the company. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Stifel Nicolaus reduced their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group dropped their target price on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $117.36.

Estée Lauder Companies Stock Down 0.6 %

Shares of NYSE:EL opened at $90.84 on Wednesday. The company has a 50 day moving average price of $91.68 and a two-hundred day moving average price of $111.21. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market capitalization of $32.57 billion, a PE ratio of 51.03, a PEG ratio of 1.58 and a beta of 1.01. Estée Lauder Companies has a 52 week low of $82.39 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts forecast that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in Estée Lauder Companies in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC increased its holdings in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Rothschild Investment LLC bought a new position in Estée Lauder Companies in the second quarter valued at about $30,000. PARK CIRCLE Co acquired a new stake in shares of Estée Lauder Companies during the second quarter valued at about $32,000. Finally, Kimelman & Baird LLC acquired a new position in Estée Lauder Companies in the 2nd quarter valued at approximately $32,000. 55.15% of the stock is owned by 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.