Estee Lauder Companies (EL) Cut to “Market Perform” at Wells Fargo & Co

Estee Lauder Companies (NYSE:EL) was downgraded by research analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $135.00 target price on the stock, down from their previous target price of $165.00. Wells Fargo & Co‘s target price indicates a potential upside of 7.19% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other brokerages have also recently weighed in on EL. Zacks Investment Research cut shares of Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a report on Monday, October 1st. Jefferies Financial Group set a $131.00 target price on shares of Estee Lauder Companies and gave the company a “hold” rating in a report on Friday, December 14th. Credit Suisse Group raised their target price on shares of Estee Lauder Companies from $156.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Atlantic Securities started coverage on shares of Estee Lauder Companies in a report on Thursday, September 20th. They issued an “overweight” rating and a $162.00 target price on the stock. Finally, Raymond James raised their target price on shares of Estee Lauder Companies from $151.00 to $154.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $149.92.

NYSE EL opened at $125.94 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.75 and a debt-to-equity ratio of 0.76. Estee Lauder Companies has a one year low of $121.47 and a one year high of $158.80. The company has a market capitalization of $46.38 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.19. Estee Lauder Companies had a net margin of 8.48% and a return on equity of 38.29%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Estee Lauder Companies will post 4.83 earnings per share for the current year.

In other Estee Lauder Companies news, VP Sara E. Moss sold 11,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $141.89, for a total transaction of $1,618,113.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Fabrizio Freda sold 150,000 shares of Estee Lauder Companies stock in a transaction on Friday, November 16th. The shares were sold at an average price of $144.25, for a total transaction of $21,637,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,510 shares of company stock worth $44,856,835. 16.13% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in EL. Fundsmith Equity Fund L.P. acquired a new position in shares of Estee Lauder Companies in the 2nd quarter valued at $701,543,000. JPMorgan Chase & Co. increased its holdings in shares of Estee Lauder Companies by 112.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock valued at $1,022,019,000 after acquiring an additional 3,716,962 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Estee Lauder Companies by 242.1% in the 3rd quarter. Renaissance Technologies LLC now owns 1,246,700 shares of the company’s stock valued at $181,170,000 after acquiring an additional 882,300 shares during the period. Millennium Management LLC increased its holdings in shares of Estee Lauder Companies by 212.5% in the 2nd quarter. Millennium Management LLC now owns 1,120,085 shares of the company’s stock valued at $159,825,000 after acquiring an additional 761,655 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Estee Lauder Companies by 15.8% in the 3rd quarter. Janus Henderson Group PLC now owns 5,143,117 shares of the company’s stock valued at $747,400,000 after acquiring an additional 701,827 shares during the period. 54.42% of the stock is currently 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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