JPMorgan Chase & Co. Lowers Estée Lauder Companies (NYSE:EL) Price Target to $61.00

Estée Lauder Companies (NYSE:EL) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $72.00 to $61.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 10.53% from the company’s previous close.

Other analysts have also issued reports about the company. Barclays cut their price target on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. UBS Group lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Telsey Advisory Group reissued a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $84.67.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $55.19 on Friday. The stock has a market capitalization of $19.81 billion, a PE ratio of -28.30, a P/E/G ratio of 6.09 and a beta of 1.10. Estée Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $149.91. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The business has a fifty day moving average price of $66.37 and a two-hundred day moving average price of $74.73.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, equities analysts predict that Estée Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Insider Activity at Estée Lauder Companies

In related news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Centre Asset Management LLC purchased a new stake in shares of Estée Lauder Companies in the 4th quarter valued at $8,585,000. Franklin Resources Inc. lifted its stake in Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after purchasing an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC boosted its position in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock valued at $771,000 after buying an additional 3,524 shares during the period. Washington Capital Management Inc. bought a new position in shares of Estée Lauder Companies during the fourth quarter valued at about $352,000. Finally, Bank Pictet & Cie Europe AG grew its stake in shares of Estée Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after buying an additional 4,690 shares during the last quarter. 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.