Estée Lauder Companies (NYSE:EL) Given New $75.00 Price Target at The Goldman Sachs Group

Estée Lauder Companies (NYSE:EL) had its price objective dropped by equities researchers at The Goldman Sachs Group from $100.00 to $75.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 11.76% from the company’s previous close.

A number of other equities analysts have also recently weighed in on EL. UBS Group decreased their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $100.00 in a research report on Friday, August 16th. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $113.00 to $74.00 in a research report on Friday. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, B. Riley started coverage on shares of Estée Lauder Companies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price objective for the company. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.68.

Estée Lauder Companies Trading Down 2.7 %

Shares of EL stock traded down $1.83 on Friday, reaching $67.11. 6,514,122 shares of the stock were exchanged, compared to its average volume of 3,341,785. The stock has a market cap of $24.07 billion, a P/E ratio of 119.84, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of $90.63 and a two-hundred day moving average of $106.91. Estée Lauder Companies has a 1-year low of $63.36 and a 1-year high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the prior year, the firm earned $0.11 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that Estée Lauder Companies will post 2.95 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Institutional Trading of Estée Lauder Companies

A number of large investors have recently added to or reduced their stakes in the business. Haverford Trust Co boosted its stake in Estée Lauder Companies by 2.3% in the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after purchasing an additional 78 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of Estée Lauder Companies by 6.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after buying an additional 127 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in shares of Estée Lauder Companies by 2.1% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock valued at $756,000 after buying an additional 145 shares during the period. Financial Counselors Inc. boosted its stake in shares of Estée Lauder Companies by 4.2% during the 1st quarter. Financial Counselors Inc. now owns 3,687 shares of the company’s stock valued at $568,000 after buying an additional 149 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after buying an additional 151 shares during the period. 55.15% of the stock is currently 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.