Estée Lauder Companies (NYSE:EL) Shares Down 5.9% After Analyst Downgrade

The Estée Lauder Companies Inc. (NYSE:EL)’s stock price fell 5.9% during trading on Wednesday after Canaccord Genuity Group lowered their price target on the stock from $76.00 to $70.00. Canaccord Genuity Group currently has a hold rating on the stock. Estée Lauder Companies traded as low as $66.13 and last traded at $65.38. 3,306,247 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 3,867,091 shares. The stock had previously closed at $69.47.

Several other equities analysts also recently commented on the company. Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group upped their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. B. Riley cut their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Barclays increased their price target on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group dropped their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.73.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 77,500 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the acquisition, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. This represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Institutional investors have recently made changes to their positions in the business. Centre Asset Management LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth about $8,585,000. Franklin Resources Inc. raised its holdings in Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after buying an additional 45,687 shares during the period. Harrell Investment Partners LLC lifted its position in Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after buying an additional 3,524 shares during the last quarter. Paloma Partners Management Co increased its position in Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after acquiring an additional 41,773 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $23.53 billion, a P/E ratio of 117.04, a P/E/G ratio of 5.89 and a beta of 1.03. The firm has a 50-day moving average price of $77.22 and a two-hundred day moving average price of $83.52.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. On average, analysts forecast that The Estée Lauder Companies Inc. will post 1.5 EPS for the current fiscal year.

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.