Estée Lauder Companies (NYSE:EL) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $76.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on EL. UBS Group upped their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. CICC Research assumed coverage on Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler raised their target price on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.95.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $85.44 on Tuesday. 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 has a one year low of $62.29 and a one year high of $159.75. The firm has a market capitalization of $30.67 billion, a P/E ratio of 152.56, a PEG ratio of 5.60 and a beta of 1.02. The company’s fifty day moving average is $76.45 and its two-hundred day moving average is $84.18.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. Analysts forecast that Estée Lauder Companies will post 1.51 EPS for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Two Sigma Advisers LP lifted its position in Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after buying an additional 1,310,900 shares in the last quarter. Van ECK Associates Corp grew its stake in Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares during the period. Worldquant Millennium Advisors LLC raised its stake in shares of Estée Lauder Companies by 695.4% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after acquiring an additional 982,183 shares during the period. Finally, Nuance Investments LLC lifted its holdings in shares of Estée Lauder Companies by 1,127.5% during the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock valued at $105,580,000 after acquiring an additional 972,799 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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.