Estee Lauder Companies (NYSE:EL) had its target price raised by Wells Fargo & Co from $175.00 to $190.00 in a research report issued to clients and investors on Monday, August 19th, MarketBeat reports. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co‘s price objective points to a potential downside of 3.69% from the stock’s current price.
The analysts wrote, “We increase our FY20 EPS est. by $0.25 to $6.05 to reflect the FQ4 beat & mgmt’s optimistic FY20 outlook, and our FY21 EPS est to $6.60 and raise our price target by $15 to $190. After today’s sharp positive stock performance (+13% vs. the the stock trading at a 31.6x 15% premium to its 3-yr historical avg), we think most of this strength is priced in. Therefore, we urge investors to hold the stock – maintain Market Perform.””
Other research analysts also recently issued reports about the stock. BMO Capital Markets upped their price target on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Raymond James upped their price objective on Estee Lauder Companies from $164.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Credit Suisse Group raised their target price on Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. DA Davidson cut shares of Estee Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $179.00 to $155.00 in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus upped their target price on Estee Lauder Companies from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $188.88.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. Estee Lauder Companies’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. Research analysts anticipate that Estee Lauder Companies will post 5.99 EPS for the current fiscal year.
In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total value of $1,346,578.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 28,819 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $206.51, for a total transaction of $5,951,411.69. Following the completion of the transaction, the chief executive officer now directly owns 93,360 shares of the company’s stock, valued at $19,279,773.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,180,943 shares of company stock valued at $428,626,737 over the last 90 days. 16.13% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Next Capital Management LLC acquired a new stake in Estee Lauder Companies during the 2nd quarter valued at $25,000. Massey Quick Simon & CO. LLC boosted its position in Estee Lauder Companies by 387.9% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after buying an additional 128 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in shares of Estee Lauder Companies during the second quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in shares of Estee Lauder Companies in the 2nd quarter valued at approximately $34,000. Finally, Thor Advisors LLC purchased a new position in shares of Estee Lauder Companies during the 1st quarter valued at approximately $37,000. 54.94% of the stock is owned by institutional investors.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
Further Reading: Market Capitalization in the Stock Market
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