Estée Lauder Companies (NYSE:EL) Coverage Initiated by Analysts at CICC Research

Investment analysts at CICC Research assumed coverage on shares of Estée Lauder Companies (NYSE:EL) in a note issued to investors on Friday,Benzinga reports. The brokerage set a “market perform” rating and a $82.00 price target on the stock. CICC Research’s price target would indicate a potential upside of 10.24% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $113.00 to $74.00 in a report on Friday, November 1st. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Wednesday, October 16th. Royal Bank of Canada reduced their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. 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 MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $97.82.

Estée Lauder Companies Stock Down 0.8 %

Shares of EL stock traded down $0.62 during trading hours on Friday, hitting $74.38. 1,119,719 shares of the company were exchanged, compared to its average volume of 3,573,563. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of 132.82, a P/E/G ratio of 5.33 and a beta of 1.05. Estée Lauder Companies has a one year low of $62.29 and a one year high of $159.75. The business’s 50-day simple moving average is $75.03 and its two-hundred day simple moving average is $89.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Sell-side analysts predict that Estée Lauder Companies will post 1.46 EPS for the current fiscal year.

Insider Buying and Selling

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

A number of hedge funds have recently made changes to their positions in EL. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies during the second quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at about $31,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $32,000. Kimelman & Baird LLC acquired a new position in Estée Lauder Companies in the second quarter worth approximately $32,000. Finally, Chilton Capital Management LLC raised its position in Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 168 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other 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.