Piper Sandler Forecasts Strong Price Appreciation for Estée Lauder Companies (NYSE:EL) Stock

Estée Lauder Companies (NYSE:EL) had its target price hoisted by equities researchers at Piper Sandler from $89.00 to $91.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 22.79% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Wednesday, October 16th. Wells Fargo & Company lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $105.00 to $72.00 in a research report on Thursday, October 31st. Finally, Bank of America lowered their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $96.50.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $74.11 on Monday. 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 market cap of $26.60 billion, a PE ratio of 132.34, a price-to-earnings-growth ratio of 5.33 and a beta of 1.02. The company has a 50 day moving average of $72.72 and a 200-day moving average of $87.30. 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 announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities research analysts forecast that Estée Lauder Companies will post 1.46 earnings per share for the current fiscal year.

Insider Transactions at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg bought 77,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bard Financial Services Inc. lifted its position in Estée Lauder Companies by 45.0% in the 4th quarter. Bard Financial Services Inc. now owns 26,020 shares of the company’s stock valued at $1,951,000 after acquiring an additional 8,070 shares in the last quarter. Centre Asset Management LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth approximately $8,585,000. GAMMA Investing LLC lifted its holdings in shares of Estée Lauder Companies by 57.6% in the fourth quarter. GAMMA Investing LLC now owns 2,850 shares of the company’s stock valued at $214,000 after purchasing an additional 1,042 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Estée Lauder Companies in the third quarter valued at approximately $1,002,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Estée Lauder Companies during the third quarter valued at approximately $1,621,000. Institutional investors own 55.15% of the company’s stock.

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.