Estée Lauder Companies (NYSE:EL) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

Estée Lauder Companies (NYSE:EL) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They currently have a $74.00 price objective on the stock, down from their prior price objective of $113.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 11.14% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Thursday. Canaccord Genuity Group reissued a “hold” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. B. Riley started coverage on shares of Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target for the company. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Wednesday, October 16th. Finally, DA Davidson reissued a “buy” rating and issued a $130.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.18.

Estée Lauder Companies Stock Performance

EL opened at $66.58 on Friday. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 118.89, a PEG ratio of 1.21 and a beta of 1.05. The company’s fifty day moving average price is $90.09 and its two-hundred day moving average price is $106.21. Estée Lauder Companies has a 1-year low of $63.36 and a 1-year high of $159.75. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. 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 firm earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts expect that Estée Lauder Companies will post 2.95 EPS for the current fiscal year.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 directly owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Forester sold 3,890 shares of the business’s 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 completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

A number of institutional investors have recently made changes to their positions in the stock. Armistice Capital LLC lifted its stake in shares of Estée Lauder Companies by 111.8% in the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after purchasing an additional 96,239 shares during the period. BNP Paribas bought a new position in shares of Estée Lauder Companies during the 1st quarter valued at about $997,000. Marshall Wace LLP boosted its stake in Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Estée Lauder Companies in the second quarter valued at $6,043,000. Finally, Transcend Capital Advisors LLC purchased a new position in shares of Estée Lauder Companies in the 2nd quarter worth $558,000. Hedge funds and other 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.