Estee Lauder Companies’ (EL) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Estee Lauder Companies (NYSE:EL) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $113.00 price objective on the stock.

EL has been the topic of a number of other reports. Canaccord Genuity Group increased their price target on Estee Lauder Companies from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. increased their target price on Estee Lauder Companies from $116.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Argus upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Tuesday, November 11th. TD Cowen upped their price target on shares of Estee Lauder Companies from $115.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Estee Lauder Companies in a report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.00.

Estee Lauder Companies Stock Down 2.1%

EL stock opened at $116.25 on Tuesday. The firm has a market cap of $41.89 billion, a price-to-earnings ratio of -45.06, a PEG ratio of 1.39 and a beta of 1.14. Estee Lauder Companies has a 1-year low of $48.37 and a 1-year high of $121.64. The firm has a fifty day moving average price of $108.47 and a two-hundred day moving average price of $97.16. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.32 and a quick ratio of 0.92.

Insider Activity

In related news, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total transaction of $364,748.76. Following the transaction, the director owned 34,812 shares in the company, valued at $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Meridith Webster sold 5,430 shares of Estee Lauder Companies stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 13.05% of the company’s stock.

Institutional Investors Weigh In On Estee Lauder Companies

Several large investors have recently modified their holdings of EL. Vanguard Group Inc. grew its position in Estee Lauder Companies by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock worth $2,927,224,000 after purchasing an additional 1,043,746 shares in the last quarter. State Street Corp boosted its position in shares of Estee Lauder Companies by 2.4% in the third quarter. State Street Corp now owns 11,118,587 shares of the company’s stock worth $979,770,000 after buying an additional 259,048 shares during the period. Invesco Ltd. grew its holdings in shares of Estee Lauder Companies by 13.7% during the second quarter. Invesco Ltd. now owns 7,596,379 shares of the company’s stock valued at $613,787,000 after buying an additional 914,594 shares in the last quarter. Bank of New York Mellon Corp raised its position in Estee Lauder Companies by 46.4% during the third quarter. Bank of New York Mellon Corp now owns 6,112,501 shares of the company’s stock valued at $538,634,000 after buying an additional 1,937,107 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Estee Lauder Companies by 17.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,912,792 shares of the company’s stock worth $475,710,000 after acquiring an additional 892,631 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.