Estée Lauder Companies (NYSE:EL) Given New $70.00 Price Target at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its price objective reduced by Canaccord Genuity Group from $76.00 to $70.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 0.87% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley decreased their target price on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Bank of America dropped 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, November 1st. Barclays boosted their price target on Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. CICC Research began coverage on Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $92.73.

Estée Lauder Companies Stock Performance

Shares of NYSE EL opened at $69.40 on Wednesday. The company has a 50-day simple moving average of $77.22 and a 200-day simple moving average of $83.52. 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 company has a market cap of $24.91 billion, a PE ratio of 123.92, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a 12 month low of $62.29 and a 12 month high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. On average, equities analysts anticipate that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Paul J. Fribourg purchased 75,500 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the acquisition, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds have recently added to or reduced their stakes in the business. Peterson Wealth Services lifted its holdings in Estée Lauder Companies by 9.8% in the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock valued at $113,000 after acquiring an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. lifted its stake in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock valued at $139,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after buying an additional 151 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

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.