Estee Lauder Companies (NYSE:EL – Get Free Report) was upgraded by equities researchers at China Intl Cap to a “strong-buy” rating in a research report issued to clients and investors on Sunday, Zacks reports.
EL has been the topic of a number of other research reports. Zacks Research cut Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted their price target on shares of Estee Lauder Companies from $94.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Telsey Advisory Group lifted their target price on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. Piper Sandler raised their price objective on Estee Lauder Companies from $95.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.67.
Read Our Latest Research Report on EL
Estee Lauder Companies Stock Performance
Estee Lauder Companies (NYSE:EL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, sell-side analysts forecast that Estee Lauder Companies will post 3.3 earnings per share for the current year.
Insider Transactions at Estee Lauder Companies
In other news, VP Lande Rashida La sold 7,766 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $103.32, for a total value of $802,383.12. Following the sale, the vice president owned 14,357 shares of the company’s stock, valued at approximately $1,483,365.24. The trade was a 35.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.05% of the company’s stock.
Institutional Investors Weigh In On Estee Lauder Companies
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Estee Lauder Companies in the fourth quarter worth $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Estee Lauder Companies during the fourth quarter valued at about $19,438,000. Pictet Asset Management Holding SA grew its holdings in Estee Lauder Companies by 14.6% during the first quarter. Pictet Asset Management Holding SA now owns 973,478 shares of the company’s stock valued at $69,854,000 after purchasing an additional 124,079 shares during the last quarter. North Dakota State Investment Board acquired a new position in Estee Lauder Companies during the 4th quarter worth $2,728,000. Finally, Geode Capital Management LLC boosted its stake in Estee Lauder Companies by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 6,308,108 shares of the company’s stock valued at $658,020,000 after purchasing an additional 331,530 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.
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.
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