Estee Lauder Companies (NYSE:EL) Rating Lowered to Hold at Edward Jones

Estee Lauder Companies (NYSE:EL) was downgraded by stock analysts at Edward Jones from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research note on Tuesday, August 20th. ValuEngine downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group upped their target price on shares of Estee Lauder Companies from $172.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Credit Suisse Group upped their target price on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Finally, Stifel Nicolaus upped their target price on shares of Estee Lauder Companies from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $195.35.

Shares of NYSE EL opened at $185.10 on Monday. The firm’s 50 day moving average price is $194.85 and its 200-day moving average price is $182.49. The company has a market cap of $66.93 billion, a PE ratio of 34.66, a P/E/G ratio of 2.45 and a beta of 0.77. Estee Lauder Companies has a 52-week low of $121.47 and a 52-week high of $207.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.57.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.11. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, analysts forecast that Estee Lauder Companies will post 5.98 earnings per share for the current fiscal year.

In related news, CEO Fabrizio Freda sold 28,819 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $206.51, for a total transaction of $5,951,411.69. Following the transaction, the chief executive officer now owns 93,360 shares in the company, valued at $19,279,773.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Sara E. Moss sold 6,274 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $193.55, for a total transaction of $1,214,332.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,187,217 shares of company stock worth $429,841,069. 14.68% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Scott & Selber Inc. increased its holdings in Estee Lauder Companies by 0.4% during the third quarter. Scott & Selber Inc. now owns 14,911 shares of the company’s stock valued at $2,967,000 after buying an additional 54 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in Estee Lauder Companies by 16.3% during the second quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock valued at $79,000 after buying an additional 60 shares during the last quarter. First Manhattan Co. increased its holdings in Estee Lauder Companies by 15.6% during the second quarter. First Manhattan Co. now owns 444 shares of the company’s stock valued at $81,000 after buying an additional 60 shares during the last quarter. Berman Capital Advisors LLC increased its holdings in Estee Lauder Companies by 35.0% during the second quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after buying an additional 63 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Estee Lauder Companies by 1.5% during the second quarter. Bessemer Group Inc. now owns 4,352 shares of the company’s stock valued at $797,000 after buying an additional 66 shares during the last quarter. 55.00% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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