UBS Group Forecasts Strong Price Appreciation for Estée Lauder Companies (NYSE:EL) Stock

Estée Lauder Companies (NYSE:EL) had its price objective boosted by UBS Group from $74.00 to $80.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 2.53% from the company’s previous close.

EL has been the subject of several other reports. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Monday, December 23rd. The Goldman Sachs Group decreased their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Piper Sandler increased their target price on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Morgan Stanley lowered their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $95.64.

Estée Lauder Companies Price Performance

NYSE:EL traded up $3.51 during trading hours on Thursday, reaching $78.03. 3,841,332 shares of the company’s stock were exchanged, compared to its average volume of 3,102,501. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $28.01 billion, a P/E ratio of 139.33, a price-to-earnings-growth ratio of 5.02 and a beta of 1.02. Estée Lauder Companies has a 12 month low of $62.29 and a 12 month high of $159.75. The business’s 50-day simple moving average is $73.02 and its two-hundred day simple moving average is $85.96.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. Sell-side analysts expect that Estée Lauder Companies will post 1.48 EPS for the current fiscal 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 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 in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg acquired 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 completion of the transaction, 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. Insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in shares of Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after purchasing an additional 70,307 shares during the period. Van ECK Associates Corp raised its holdings in shares of Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its position in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after buying an additional 1,066,320 shares during the period. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.