Estée Lauder Companies (NYSE:EL) Price Target Raised to $74.00 at Wells Fargo & Company

Estée Lauder Companies (NYSE:EL) had its price target lifted by analysts at Wells Fargo & Company from $72.00 to $74.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 1.91% from the company’s previous close.

EL has been the subject of several other reports. B. Riley lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Thursday, October 31st. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, October 16th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.50.

Estée Lauder Companies Trading Up 2.5 %

Shares of NYSE EL traded up $1.87 during midday trading on Tuesday, reaching $75.44. The company had a trading volume of 505,667 shares, compared to its average volume of 2,396,417. The firm’s fifty day moving average price is $73.02 and its 200-day moving average price is $87.58. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a one year low of $62.29 and a one year high of $159.75. The stock has a market cap of $27.08 billion, a PE ratio of 134.71, a price-to-earnings-growth ratio of 5.33 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Estée Lauder Companies will post 1.46 earnings per share for the current year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the transaction, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently modified their holdings of EL. Centre Asset Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth $8,585,000. Armistice Capital LLC grew its holdings in Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after buying an additional 96,239 shares in the last quarter. Franklin Resources Inc. increased its stake in Estée Lauder Companies by 47.5% in the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after acquiring an additional 45,687 shares during the last quarter. Paloma Partners Management Co increased its stake in Estée Lauder Companies by 729.4% in the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after acquiring an additional 41,773 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after acquiring an additional 2,533,006 shares in the last quarter. 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.