TD Cowen Has Lowered Expectations for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its target price cut by equities researchers at TD Cowen from $95.00 to $70.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 4.43% from the stock’s previous close.

EL has been the topic of a number of other reports. Evercore ISI cut their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. B. Riley started coverage on shares of Estée Lauder Companies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price objective on the stock. Bank of America cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday. Finally, The Goldman Sachs Group lowered their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $104.18.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $1.91 during mid-day trading on Friday, hitting $67.03. The stock had a trading volume of 7,593,345 shares, compared to its average volume of 3,346,876. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of $90.63 and a 200-day simple moving average of $106.91. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 119.64, a P/E/G ratio of 1.53 and a beta of 1.01. Estée Lauder Companies has a 52 week low of $63.36 and a 52 week high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research analysts expect that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Estée Lauder Companies by 3.9% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 11,967 shares of the company’s stock valued at $1,193,000 after purchasing an additional 449 shares during the last quarter. AIA Group Ltd raised its position in shares of Estée Lauder Companies by 4.9% during the 3rd quarter. AIA Group Ltd now owns 8,500 shares of the company’s stock valued at $847,000 after acquiring an additional 400 shares during the last quarter. Malaga Cove Capital LLC lifted its stake in shares of Estée Lauder Companies by 58.6% in the 3rd quarter. Malaga Cove Capital LLC now owns 5,966 shares of the company’s stock valued at $595,000 after purchasing an additional 2,205 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of Estée Lauder Companies in the 3rd quarter worth $2,426,000. Finally, Impax Asset Management Group plc lifted its stake in Estée Lauder Companies by 21.3% in the third quarter. Impax Asset Management Group plc now owns 83,498 shares of the company’s stock valued at $8,324,000 after buying an additional 14,688 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

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