Deutsche Bank Aktiengesellschaft Cuts Estée Lauder Companies (NYSE:EL) Price Target to $78.00

Estée Lauder Companies (NYSE:EL) had its price objective dropped by research analysts at Deutsche Bank Aktiengesellschaft from $80.00 to $78.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 1.12% from the stock’s current price.

A number of other equities research analysts have also commented on EL. Morgan Stanley dropped their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Barclays increased their price objective on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $80.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lowered their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. 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, Estée Lauder Companies presently has an average rating of “Hold” and an average target price of $93.68.

Estée Lauder Companies Stock Up 1.3 %

Estée Lauder Companies stock opened at $78.89 on Wednesday. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 140.87, a PEG ratio of 5.37 and a beta of 1.02. The company’s 50 day simple moving average is $74.02 and its 200 day simple moving average is $85.15.

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. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, sell-side analysts anticipate that Estée Lauder Companies will post 1.51 EPS for the current year.

Insider Buying and Selling

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Estée Lauder Companies by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 584,436 shares of the company’s stock worth $62,202,000 after purchasing an additional 41,776 shares in the last quarter. Pacer Advisors Inc. grew its stake in Estée Lauder Companies by 30.9% during the second quarter. Pacer Advisors Inc. now owns 20,615 shares of the company’s stock worth $2,193,000 after buying an additional 4,872 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Estée Lauder Companies by 37.2% in the 2nd quarter. ProShare Advisors LLC now owns 40,087 shares of the company’s stock valued at $4,265,000 after buying an additional 10,871 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Estée Lauder Companies by 105,466.7% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,167 shares of the company’s stock worth $337,000 after acquiring an additional 3,164 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Estée Lauder Companies by 72.5% in the second quarter. Public Sector Pension Investment Board now owns 8,996 shares of the company’s stock valued at $957,000 after acquiring an additional 3,781 shares during the last quarter. 55.15% of the stock is 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.