Piper Sandler Boosts Estée Lauder Companies (NYSE:EL) Price Target to $98.00

Estée Lauder Companies (NYSE:EL) had its target price upped by Piper Sandler from $91.00 to $98.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 14.71% from the company’s previous close.

EL has been the subject of a number of other research reports. Bank of America decreased their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. UBS Group upped their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Morgan Stanley reduced their price target on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $92.95.

Estée Lauder Companies Price Performance

EL opened at $85.44 on Wednesday. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $159.75. The stock has a 50-day moving average price of $76.45 and a 200-day moving average price of $84.18. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market cap of $30.67 billion, a PE ratio of 152.56, a P/E/G ratio of 5.60 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the firm earned $0.11 EPS. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. Sell-side analysts predict that Estée Lauder Companies will post 1.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of Estée Lauder Companies stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of EL. Public Sector Pension Investment Board grew its position in shares of Estée Lauder Companies by 72.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,996 shares of the company’s stock worth $957,000 after buying an additional 3,781 shares in the last quarter. AQR Capital Management LLC boosted its position in Estée Lauder Companies by 103.3% during the second quarter. AQR Capital Management LLC now owns 60,141 shares of the company’s stock valued at $6,285,000 after purchasing an additional 30,562 shares in the last quarter. Mackenzie Financial Corp boosted its position in Estée Lauder Companies by 7.3% during the second quarter. Mackenzie Financial Corp now owns 26,500 shares of the company’s stock valued at $2,820,000 after purchasing an additional 1,801 shares in the last quarter. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies during the second quarter valued at about $32,000. Finally, Cetera Investment Advisers boosted its position in Estée Lauder Companies by 24.5% during the second quarter. Cetera Investment Advisers now owns 31,051 shares of the company’s stock valued at $3,304,000 after purchasing an additional 6,102 shares in the last quarter. Hedge funds and other 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.