Estée Lauder Companies (NYSE:EL) Receives “Market Perform” Rating from 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 note issued to investors on Thursday, Benzinga reports. They presently have a $155.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 5.12% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on EL. Barclays boosted their price objective on shares of Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Raymond James boosted their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Royal Bank of Canada increased their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average price target of $168.17.

Estée Lauder Companies Stock Up 1.7 %

NYSE:EL opened at $147.45 on Thursday. The company has a market capitalization of $52.86 billion, a price-to-earnings ratio of 113.42, a price-to-earnings-growth ratio of 3.86 and a beta of 1.07. Estée Lauder Companies has a one year low of $102.22 and a one year high of $250.63. The stock has a 50-day simple moving average of $146.86 and a 200 day simple moving average of $138.25. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the previous year, the business earned $1.54 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts predict that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Estée Lauder Companies

Large investors have recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. acquired a new position in shares of Estée Lauder Companies in the 1st quarter valued at $11,939,000. Checchi Capital Advisers LLC lifted its position in shares of Estée Lauder Companies by 8.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,636 shares of the company’s stock valued at $406,000 after acquiring an additional 203 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in Estée Lauder Companies by 15.1% in the 1st quarter. Meridian Wealth Management LLC now owns 3,223 shares of the company’s stock worth $497,000 after purchasing an additional 424 shares during the period. Values Added Financial LLC grew its position in Estée Lauder Companies by 8.0% during the 1st quarter. Values Added Financial LLC now owns 3,006 shares of the company’s stock worth $463,000 after purchasing an additional 222 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in Estée Lauder Companies by 21.8% during the 1st quarter. Bridges Investment Management Inc. now owns 7,824 shares of the company’s stock valued at $1,206,000 after purchasing an additional 1,402 shares during the period. 55.15% of the stock is owned by institutional investors.

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