Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Estee Lauder Companies (NYSE:EL) Stock

Estee Lauder Companies (NYSE:ELGet Free Report) had its target price lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $124.00 to $128.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 11.04% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Evercore ISI increased their price target on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, December 16th. Citigroup upped their price objective on shares of Estee Lauder Companies from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. increased their price target on shares of Estee Lauder Companies from $116.00 to $131.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Finally, UBS Group upped their price target on Estee Lauder Companies from $105.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Estee Lauder Companies has a consensus rating of “Hold” and a consensus target price of $103.00.

Get Our Latest Stock Analysis on EL

Estee Lauder Companies Stock Performance

Shares of EL opened at $115.27 on Thursday. The stock has a 50-day moving average price of $107.48 and a 200-day moving average price of $96.58. The company has a market cap of $41.54 billion, a PE ratio of -44.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.32, a quick ratio of 0.92 and a debt-to-equity ratio of 1.88. Estee Lauder Companies has a 12-month low of $48.37 and a 12-month high of $120.27.

Estee Lauder Companies (NYSE:ELGet Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. Estee Lauder Companies had a negative net margin of 6.44% and a positive return on equity of 14.92%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Barry S. Sternlicht sold 3,972 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total transaction of $364,748.76. Following the transaction, the director directly owned 34,812 shares of the company’s stock, valued at $3,196,785.96. This represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Meridith Webster sold 5,430 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. Additional details regarding this sale are available in the official SEC disclosure. 13.05% of the stock is currently owned by insiders.

Institutional Trading of Estee Lauder Companies

Hedge funds have recently bought and sold shares of the stock. Asset Dedication LLC lifted its position in shares of Estee Lauder Companies by 258.7% during the 2nd quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 282 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Estee Lauder Companies during the fourth quarter valued at approximately $32,000. Quent Capital LLC bought a new stake in Estee Lauder Companies in the 3rd quarter valued at $33,000. Hantz Financial Services Inc. increased its holdings in shares of Estee Lauder Companies by 80.6% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $33,000 after purchasing an additional 166 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its stake in Estee Lauder Companies by 39.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies News Summary

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Estee Lauder Companies Company Profile

(Get Free Report)

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

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