Estée Lauder Companies (NYSE:EL) Given New $67.00 Price Target at Stifel Nicolaus

Estée Lauder Companies (NYSE:EL) had its target price dropped by equities researchers at Stifel Nicolaus from $77.00 to $67.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 27.43% from the company’s current price.

EL has been the subject of a number of other research reports. DA Davidson reaffirmed a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Telsey Advisory Group reissued a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.52.

Estée Lauder Companies Stock Down 6.4 %

EL traded down $3.58 on Thursday, hitting $52.58. The company had a trading volume of 1,363,446 shares, compared to its average volume of 3,968,682. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. Estée Lauder Companies has a 52-week low of $48.37 and a 52-week high of $149.91. The stock has a fifty day simple moving average of $67.24 and a 200-day simple moving average of $75.25. The firm has a market capitalization of $18.87 billion, a P/E ratio of -27.10, a P/E/G ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts expect that Estée Lauder Companies will post 1.36 EPS for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds have recently added to or reduced their stakes in the company. Peterson Wealth Services grew its holdings in Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock valued at $113,000 after purchasing an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. grew its holdings in Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock valued at $139,000 after purchasing an additional 148 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Estée Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after buying an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its position in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 158 shares during the period. 55.15% of the stock is currently 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.