Wells Fargo & Company Reiterates Outperform Rating for Estee Lauder Companies, Inc. (The) (EL)

Wells Fargo & Company reissued their outperform rating on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a research report report published on Saturday. They currently have a $106.00 price objective on the stock, up from their previous price objective of $103.00.

Several other equities research analysts have also recently commented on EL. Royal Bank Of Canada set a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) and gave the stock a buy rating in a research report on Saturday, March 25th. Zacks Investment Research cut shares of Estee Lauder Companies, Inc. (The) from a hold rating to a sell rating in a research report on Wednesday, March 29th. Vetr raised shares of Estee Lauder Companies, Inc. (The) from a buy rating to a strong-buy rating and set a $94.75 target price for the company in a research report on Monday, April 3rd. Goldman Sachs Group, Inc. (The) raised shares of Estee Lauder Companies, Inc. (The) from a neutral rating to a buy rating and raised their target price for the stock from $85.00 to $103.00 in a research report on Tuesday, April 4th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $91.00 target price (up from $87.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. Estee Lauder Companies, Inc. (The) has a consensus rating of Buy and an average price target of $98.83.

Estee Lauder Companies, Inc. (EL) traded up 0.86% during trading on Friday, reaching $97.95. 1,163,164 shares of the company traded hands. Estee Lauder Companies, Inc. has a 12-month low of $75.29 and a 12-month high of $98.40. The firm’s 50 day moving average price is $96.15 and its 200 day moving average price is $88.00. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 32.83 and a beta of 0.71.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies, Inc. (The) had a net margin of 9.62% and a return on equity of 33.40%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the company posted $0.73 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts expect that Estee Lauder Companies, Inc. will post $3.40 earnings per share for the current year.

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In other news, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total value of $1,538,530.77. Following the completion of the sale, the insider now directly owns 83,638 shares in the company, valued at $7,720,623.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G. Scott Paterson purchased 500,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Tuesday, May 9th. The stock was bought at an average price of $0.07 per share, with a total value of $35,000.00. Over the last 90 days, insiders have acquired 930,000 shares of company stock valued at $60,800 and have sold 95,070 shares valued at $9,023,304. 16.98% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in EL. Cleararc Capital Inc. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock worth $427,000 after buying an additional 46 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Estee Lauder Companies, Inc. (The) by 0.7% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,651 shares of the company’s stock worth $734,000 after buying an additional 60 shares in the last quarter. Banco Santander S.A. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 0.5% in the first quarter. Banco Santander S.A. now owns 14,169 shares of the company’s stock worth $1,204,000 after buying an additional 69 shares in the last quarter. Charter Trust Co. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 2.9% in the second quarter. Charter Trust Co. now owns 2,496 shares of the company’s stock worth $240,000 after buying an additional 70 shares in the last quarter. Finally, Norway Savings Bank raised its stake in shares of Estee Lauder Companies, Inc. (The) by 4.2% in the second quarter. Norway Savings Bank now owns 2,083 shares of the company’s stock worth $200,000 after buying an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 54.37% of the company’s stock.

Estee Lauder Companies, Inc. (The) Company Profile

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.