Estee Lauder Companies Inc (EL) Stock Rating Upgraded by Goldman Sachs Group Inc

Goldman Sachs Group Inc upgraded shares of Estee Lauder Companies Inc (NYSE:EL) from a neutral rating to a buy rating in a research report released on Tuesday. The brokerage currently has $103.00 price objective on the stock, up from their previous price objective of $85.00.

EL has been the topic of a number of other reports. Barclays PLC reiterated an overweight rating and set a $88.00 price target (down from $93.00) on shares of Estee Lauder Companies in a research report on Tuesday, January 10th. Vetr cut shares of Estee Lauder Companies from a strong-buy rating to a sell rating and set a $73.25 price target on the stock. in a research report on Thursday, January 5th. Royal Bank of Canada set a $107.00 price target on shares of Estee Lauder Companies and gave the company a buy rating in a research report on Monday, January 2nd. Zacks Investment Research upgraded shares of Estee Lauder Companies from a sell rating to a hold rating in a research report on Monday, January 16th. Finally, BMO Capital Markets assumed coverage on shares of Estee Lauder Companies in a research report on Friday, December 16th. They set an underperform rating and a $72.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $96.73.

Estee Lauder Companies (NYSE:EL) traded down 0.96% during mid-day trading on Tuesday, reaching $85.20. 981,333 shares of the company were exchanged. The stock has a market capitalization of $31.22 billion, a price-to-earnings ratio of 29.44 and a beta of 0.86. Estee Lauder Companies has a 12-month low of $75.29 and a 12-month high of $97.48. The company’s 50 day moving average price is $84.98 and its 200-day moving average price is $82.24.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Thursday, February 2nd. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.26 billion. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. Estee Lauder Companies’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. On average, equities research analysts forecast that Estee Lauder Companies will post $3.32 earnings per share for the current fiscal year.

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In other news, insider John Demsey sold 21,010 shares of Estee Lauder Companies stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $85.46, for a total value of $1,795,514.60. Following the completion of the transaction, the insider now owns 21,010 shares of the company’s stock, valued at approximately $1,795,514.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alexandra C. Trower sold 2,362 shares of Estee Lauder Companies stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $83.27, for a total value of $196,683.74. Following the completion of the sale, the executive vice president now owns 7,842 shares of the company’s stock, valued at $653,003.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,260 shares of company stock valued at $6,047,678. 16.98% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Elgethun Capital Management acquired a new stake in Estee Lauder Companies during the fourth quarter valued at approximately $112,000. Parkside Financial Bank & Trust increased its stake in Estee Lauder Companies by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,448 shares of the company’s stock worth $128,000 after buying an additional 8 shares in the last quarter. FTB Advisors Inc. increased its stake in Estee Lauder Companies by 1.1% in the third quarter. FTB Advisors Inc. now owns 1,637 shares of the company’s stock worth $142,000 after buying an additional 18 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in Estee Lauder Companies during the fourth quarter worth about $142,000. Finally, Norway Savings Bank purchased a new stake in Estee Lauder Companies during the first quarter worth about $170,000. Institutional investors own 55.53% of the company’s stock.

About Estee Lauder Companies

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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