Estée Lauder Companies (NYSE:EL) Given New $130.00 Price Target at Wells Fargo & Company

Estée Lauder Companies (NYSE:ELGet Free Report) had its price target cut by analysts at Wells Fargo & Company from $163.00 to $130.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 26.99% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EL. Telsey Advisory Group restated a “market perform” rating and set a $155.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, May 1st. Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. Morgan Stanley cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $164.00 to $140.00 in a report on Friday, May 3rd. Barclays decreased their price objective on shares of Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Finally, Bernstein Bank boosted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Sixteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $158.88.

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Estée Lauder Companies Trading Down 1.8 %

Shares of EL traded down $1.84 on Wednesday, reaching $102.37. 1,251,866 shares of the company’s stock were exchanged, compared to its average volume of 2,784,555. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $36.71 billion, a P/E ratio of 57.51, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99. The business has a 50 day moving average price of $120.96 and a two-hundred day moving average price of $135.25. Estée Lauder Companies has a 12 month low of $102.22 and a 12 month high of $196.04.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. Research analysts anticipate that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the sale, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the sale, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,255 shares of company stock valued at $5,453,232. 12.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Large investors have recently modified their holdings of the stock. Wetzel Investment Advisors Inc. grew its stake in Estée Lauder Companies by 8.3% in the 1st quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock valued at $128,000 after purchasing an additional 68 shares during the period. Tradewinds Capital Management LLC grew its stake in Estée Lauder Companies by 34.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Cullen Frost Bankers Inc. grew its stake in Estée Lauder Companies by 0.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after purchasing an additional 76 shares during the period. Haverford Trust Co grew its stake in Estée Lauder Companies by 2.3% in the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after purchasing an additional 78 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after purchasing an additional 82 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Company Profile

(Get Free Report)

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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