Piper Sandler Boosts Estée Lauder Companies (NYSE:EL) Price Target to $91.00

Estée Lauder Companies (NYSE:EL) had its price target lifted by equities researchers at Piper Sandler from $89.00 to $91.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 22.79% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. TD Cowen dropped their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Morgan Stanley cut their price objective on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. B. Riley lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $113.00 to $74.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $105.00 to $72.00 in a research note on Thursday, October 31st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.50.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $74.11 on Monday. The firm has a market capitalization of $26.60 billion, a PE ratio of 132.34, a PEG ratio of 5.33 and a beta of 1.02. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.75. The business’s 50 day moving average is $72.72 and its 200-day moving average is $87.30. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

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

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. TD Asset Management Inc raised its stake in Estée Lauder Companies by 2.1% in the 2nd quarter. TD Asset Management Inc now owns 103,134 shares of the company’s stock worth $10,973,000 after purchasing an additional 2,118 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Estée Lauder Companies in the second quarter valued at approximately $1,827,000. Wedbush Securities Inc. boosted its stake in shares of Estée Lauder Companies by 78.7% in the second quarter. Wedbush Securities Inc. now owns 3,009 shares of the company’s stock valued at $320,000 after buying an additional 1,325 shares during the period. Choreo LLC bought a new stake in shares of Estée Lauder Companies in the second quarter valued at approximately $656,000. Finally, Freemont Management S.A. acquired a new stake in Estée Lauder Companies during the second quarter worth approximately $894,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

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.