Estee Lauder Companies (NYSE:EL – Get Free Report)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research report issued on Monday,Benzinga reports. They currently have a $111.00 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 30.72% from the stock’s current price.
EL has been the topic of several other research reports. UBS Group increased their price target on shares of Estee Lauder Companies from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Telsey Advisory Group decreased their price objective on shares of Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, May 4th. The Goldman Sachs Group started coverage on shares of Estee Lauder Companies in a research report on Monday, June 22nd. They set a “buy” rating and a $100.00 target price on the stock. Sanford C. Bernstein initiated coverage on Estee Lauder Companies in a report on Friday, June 12th. They set a “market perform” rating and a $82.00 target price on the stock. Finally, Citigroup boosted their price target on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $96.84.
Read Our Latest Stock Analysis on Estee Lauder Companies
Estee Lauder Companies Stock Down 1.4%
Institutional Trading of Estee Lauder Companies
Hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC increased its stake in Estee Lauder Companies by 39.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Estee Lauder Companies by 0.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock valued at $1,123,000 after purchasing an additional 100 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Estee Lauder Companies by 6.6% in the 4th quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock worth $187,000 after purchasing an additional 110 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Estee Lauder Companies by 17.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 743 shares of the company’s stock valued at $78,000 after purchasing an additional 113 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of Estee Lauder Companies by 4.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,806 shares of the company’s stock valued at $294,000 after purchasing an additional 117 shares during 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.
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