Estee Lauder Companies, Inc. (The) (EL) Upgraded to Hold by Vetr Inc.

Estee Lauder Companies, Inc. (The) (EL) Upgraded to Hold by Vetr Inc.

Estee Lauder Companies, Inc. (The) (NYSE:EL) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday. The firm presently has a $79.50 price target on the stock. Vetr‘s target price would suggest a potential downside of 1.80% from the company’s previous close.

Other analysts also recently issued reports about the company. Stifel Nicolaus set a $99.00 target price on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, October 24th. RBC Capital Markets set a $107.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, January 2nd. Zacks Investment Research raised Estee Lauder Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, October 3rd. Jefferies Group LLC reissued a “hold” rating and set a $83.00 price objective (down from $85.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday, November 16th. Finally, Piper Jaffray Companies downgraded Estee Lauder Companies, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Thursday, October 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. Estee Lauder Companies, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $96.24.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at 80.96 on Monday. The stock has a market capitalization of $29.67 billion, a price-to-earnings ratio of 27.64 and a beta of 0.85. Estee Lauder Companies, Inc. has a 1-year low of $75.30 and a 1-year high of $97.48. The company has a 50-day moving average of $78.65 and a 200-day moving average of $85.13.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Wednesday, November 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Estee Lauder Companies, Inc. (The) had a return on equity of 32.90% and a net margin of 9.73%. The business earned $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts expect that Estee Lauder Companies, Inc. will post $3.42 EPS for the current fiscal year.

In other Estee Lauder Companies, Inc. (The) news, EVP Michael O’hare sold 4,492 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $76.32, for a total transaction of $342,829.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tracey Thomas Travis sold 6,558 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $81.16, for a total value of $532,247.28. Following the transaction, the chief financial officer now directly owns 29,467 shares in the company, valued at approximately $2,391,541.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,583 shares of company stock valued at $1,947,284. 16.98% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massey Quick & Co. LLC purchased a new position in Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $338,000. Russell Investments Group Ltd. purchased a new position in Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $35,976,000. First Bank & Trust purchased a new position in Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $526,000. AKO Capital LLP purchased a new position in Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $32,740,000. Finally, First Heartland Consultants Inc. purchased a new position in Estee Lauder Companies, Inc. (The) during the third quarter valued at approximately $265,000. 54.69% of the stock is currently owned by institutional investors.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

To view Vetr’s full report, visit Vetr’s official website.

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