Morgan Stanley Issues Positive Forecast for Estee Lauder Companies (NYSE:EL) Stock Price

Estee Lauder Companies (NYSE:EL) had its price objective lifted by equities research analysts at Morgan Stanley from $102.00 to $112.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 5.74% from the company’s previous close.

Other equities analysts have also issued research reports about the company. China Intl Cap upgraded Estee Lauder Companies to a “strong-buy” rating in a research note on Sunday, August 30th. Wells Fargo & Company reduced their target price on shares of Estee Lauder Companies from $104.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. B. Riley Financial reissued a “neutral” rating and set a $100.00 price target (up from $85.00) on shares of Estee Lauder Companies in a research report on Thursday, August 20th. Jefferies Financial Group raised their price target on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Estee Lauder Companies from $94.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Estee Lauder Companies has an average rating of “Hold” and a consensus target price of $105.24.

Estee Lauder Companies Stock Up 4.3%

Estee Lauder Companies stock traded up $4.33 during midday trading on Thursday, hitting $105.92. 1,094,809 shares of the company’s stock were exchanged, compared to its average volume of 3,782,865. The company has a market cap of $38.32 billion, a PE ratio of 216.06, a P/E/G ratio of 1.16 and a beta of 1.27. The firm has a 50-day moving average of $96.12 and a two-hundred day moving average of $86.37. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. Estee Lauder Companies has a 12 month low of $66.22 and a 12 month high of $121.64.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Estee Lauder Companies’s revenue for the quarter was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, analysts expect that Estee Lauder Companies will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Estee Lauder Companies news, Director Charlene Barshefsky sold 3,775 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the sale, the director owned 50,971 shares of the company’s stock, valued at approximately $5,036,954.22. This trade represents a 6.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul J. Fribourg sold 58,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the sale, the director directly owned 417,300 shares of the company’s stock, valued at approximately $40,966,341. This represents a 12.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 75,105 shares of company stock worth $7,423,185 in the last ninety days. 11.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Estee Lauder Companies

Several hedge funds have recently modified their holdings of EL. Bank of America Corp DE boosted its stake in Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. Independent Franchise Partners LLP grew its position in Estee Lauder Companies by 1.1% during the 4th quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock worth $820,717,000 after purchasing an additional 83,857 shares during the last quarter. Amundi increased its stake in Estee Lauder Companies by 33.8% during the 1st quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after purchasing an additional 482,185 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Estee Lauder Companies by 44.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,192,531 shares of the company’s stock valued at $85,559,000 after purchasing an additional 365,651 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Estee Lauder Companies by 24.9% during the 2nd quarter. Tidal Investments LLC now owns 1,137,758 shares of the company’s stock valued at $89,826,000 after purchasing an additional 226,888 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global beauty company that develops, markets and sells prestige skincare, makeup, fragrance and hair care products. Its portfolio includes brands such as Estée Lauder, Clinique, La Mer, MAC, Bobbi Brown, Jo Malone London, Aveda, The Ordinary and Tom Ford Beauty.

The company’s products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.