Estée Lauder Companies (NYSE:EL) Cut to “Hold” at StockNews.com

by · The Cerbat Gem

Estée Lauder Companies (NYSE:EL – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other brokerages have also recently issued reports on EL. Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Bank of America cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $131.00 target price on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Morgan Stanley lowered their price target on Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, UBS Group reduced their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $120.27.

Check Out Our Latest Report on Estée Lauder Companies

Estée Lauder Companies Stock Performance

Shares of EL opened at $85.01 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The stock has a market cap of $30.48 billion, a P/E ratio of 47.76, a P/E/G ratio of 1.42 and a beta of 1.00. The business’s 50 day moving average price is $92.92 and its 200-day moving average price is $117.95. Estée Lauder Companies has a 52 week low of $82.39 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL – Get Free Report) last released its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Estée Lauder Companies will post 2.97 earnings per share for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 approximately $4,578,114. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Riverview Trust Co bought a new stake in Estée Lauder Companies in the 1st quarter valued at $26,000. Hexagon Capital Partners LLC lifted its position in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new position in Estée Lauder Companies during the first quarter valued at approximately $35,000. Chilton Capital Management LLC boosted its stake in Estée Lauder Companies by 163.0% during the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after buying an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

(Get Free Report)

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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