Estée Lauder Companies (NYSE:EL) Price Target Cut to $64.00 by Analysts at Barclays

Estée Lauder Companies (NYSE:EL) had its target price dropped by stock analysts at Barclays from $71.00 to $64.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 2.72% from the company’s previous close.

A number of other equities analysts also recently commented on EL. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. Morgan Stanley reduced their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus lowered their price objective on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Wednesday. Finally, HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a report on Wednesday, October 16th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $90.23.

Estée Lauder Companies Price Performance

NYSE EL opened at $65.79 on Thursday. 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 $23.62 billion, a price-to-earnings ratio of 117.49, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The company has a 50 day simple moving average of $77.05 and a 200-day simple moving average of $83.39. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.54.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts predict that Estée Lauder Companies will post 1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the transaction, the director now owns 234,500 shares in the company, valued at $15,010,345. The trade was a 49.36 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EL. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies during the 3rd quarter worth approximately $31,000. Ameliora Wealth Management Ltd. bought a new position in Estée Lauder Companies in the fourth quarter worth approximately $29,000. Deseret Mutual Benefit Administrators grew its holdings in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies during the 4th quarter worth $30,000. Finally, Eagle Bay Advisors LLC lifted its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. 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.