Estée Lauder Companies (NYSE:EL) Given “Market Perform” Rating at Telsey Advisory Group

Estée Lauder Companies (NYSE:EL)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They presently have a $76.00 price target on the stock. Telsey Advisory Group’s price target points to a potential upside of 13.13% from the company’s current price.

Other analysts have also recently issued reports about the company. DA Davidson restated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Wednesday, January 22nd. Piper Sandler increased their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a report on Friday, November 1st. B. Riley lowered their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, CICC Research assumed coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a “market perform” rating and a $82.00 price target for the company. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.95.

Estée Lauder Companies Trading Down 18.8 %

NYSE:EL traded down $15.59 during trading hours on Tuesday, hitting $67.18. The company had a trading volume of 3,869,199 shares, compared to its average volume of 3,235,550. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $77.10 and a 200 day moving average of $83.83. The company has a market cap of $24.12 billion, a P/E ratio of 120.02, a P/E/G ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.31. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Sell-side analysts expect that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 75,500 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price of $64.93 per share, with a total value 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 $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

A number of hedge funds have recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies in the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators lifted its stake in Estée Lauder Companies by 68.7% in the fourth 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 last quarter. Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies in the fourth quarter valued at $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter valued at $31,000. Institutional investors and hedge funds 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.