Estee Lauder Companies (NYSE:EL) Stock Price Target Raised at JPMorgan Chase & Co.

Estee Lauder Companies (NYSE:EL) had its target price lifted by research analysts at JPMorgan Chase & Co. from $112.00 to $115.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.64% from the stock’s previous close.

A number of other research firms have also recently issued reports on EL. Citigroup boosted their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Piper Sandler raised their price objective on Estee Lauder Companies from $95.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Jefferies Financial Group raised their price objective on Estee Lauder Companies from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company reduced their price target on Estee Lauder Companies from $104.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Finally, Morgan Stanley boosted their price target on shares of Estee Lauder Companies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.33.

Estee Lauder Companies Stock Performance

Shares of EL traded up $1.31 on Monday, reaching $105.85. 1,982,366 shares of the stock traded hands, compared to its average volume of 3,781,387. Estee Lauder Companies has a 12 month low of $66.22 and a 12 month high of $121.64. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a market cap of $38.30 billion, a price-to-earnings ratio of 215.97, a P/E/G ratio of 1.21 and a beta of 1.27. The stock’s 50-day moving average price is $96.88 and its 200-day moving average price is $86.91.

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

Insiders Place Their Bets

In related news, Director Charlene Barshefsky sold 3,775 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total transaction of $373,045.50. Following the sale, the director directly owned 50,971 shares of the company’s stock, valued at approximately $5,036,954.22. This represents a 6.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul 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 transaction, the director directly owned 417,300 shares in the company, valued at $40,966,341. The trade was a 12.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 75,105 shares of company stock worth $7,423,185. 11.54% of the stock is currently owned by company insiders.

Institutional Trading of Estee Lauder Companies

Several institutional investors have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its position in shares of Estee Lauder Companies by 14.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 973,478 shares of the company’s stock worth $69,854,000 after buying an additional 124,079 shares in the last quarter. Nykredit A S purchased a new stake in Estee Lauder Companies during the 2nd quarter worth approximately $6,750,000. S&CO Inc. purchased a new position in Estee Lauder Companies in the 2nd quarter worth $5,586,000. Tidal Investments LLC boosted its position in Estee Lauder Companies by 24.9% in the second quarter. Tidal Investments LLC now owns 1,137,758 shares of the company’s stock valued at $89,826,000 after buying an additional 226,888 shares during the last quarter. Finally, SummitTX Capital L.P. acquired a new stake in shares of Estee Lauder Companies in the first quarter worth $7,608,000. Institutional investors own 55.15% of the company’s stock.

About Estee Lauder Companies

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

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.