Estée Lauder Companies (NYSE:EL) Price Target Cut to $100.00 by Analysts at Royal Bank of Canada

Estée Lauder Companies (NYSE:EL) had its price objective lowered by Royal Bank of Canada from $131.00 to $100.00 in a report released on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 49.19% from the company’s current price.

EL has been the subject of a number of other reports. Evercore ISI reduced their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $105.00 to $72.00 in a report on Thursday. Raymond James cut Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Stifel Nicolaus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Thursday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 target price on shares of Estée Lauder Companies in a report on Thursday. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.18.

Estée Lauder Companies Stock Down 2.8 %

EL traded down $1.91 during trading on Friday, hitting $67.03. The company had a trading volume of 7,593,345 shares, compared to its average volume of 3,346,876. Estée Lauder Companies has a 1-year low of $63.36 and a 1-year high of $159.75. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market cap of $24.04 billion, a PE ratio of 119.64, a P/E/G ratio of 1.53 and a beta of 1.01. The business has a 50-day moving average of $90.63 and a 200-day moving average of $106.91.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the business posted $0.11 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts forecast that Estée Lauder Companies will post 2.95 earnings per share for the current year.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction 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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Estée Lauder Companies by 1,094.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 146,648 shares of the company’s stock worth $22,606,000 after purchasing an additional 134,371 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Estée Lauder Companies by 10.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 603,823 shares of the company’s stock worth $93,079,000 after acquiring an additional 55,193 shares in the last quarter. Kovack Advisors Inc. bought a new position in Estée Lauder Companies in the first quarter valued at approximately $306,000. First Trust Direct Indexing L.P. boosted its holdings in shares of Estée Lauder Companies by 30.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 6,031 shares of the company’s stock valued at $930,000 after buying an additional 1,414 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Estée Lauder Companies by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 51,410 shares of the company’s stock valued at $7,925,000 after acquiring an additional 213 shares during the period. 55.15% of the stock is currently owned by institutional investors.

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.