Est?e Lauder Companies (EL) Sets New 52-Week High and Low After Analyst Upgrade

Est?e Lauder Companies (NYSE:EL) hit a new 52-week high and low during mid-day trading on Thursday after Morgan Stanley raised their price target on the stock from $147.00 to $160.00. Morgan Stanley currently has an overweight rating on the stock. Est?e Lauder Companies traded as low as $151.48 and last traded at $151.12, with a volume of 630831 shares. The stock had previously closed at $150.50.

A number of other brokerages also recently issued reports on EL. Zacks Investment Research downgraded shares of Est?e Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray set a $152.00 price objective on shares of Est?e Lauder Companies and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Credit Suisse Group assumed coverage on shares of Est?e Lauder Companies in a research note on Monday, March 12th. They set an “outperform” rating and a $162.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $150.00 price objective (up from $145.00) on shares of Est?e Lauder Companies in a research note on Tuesday, February 20th. Finally, Bank of America increased their price objective on shares of Est?e Lauder Companies from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $135.77.

How to Become a New Pot Stock Millionaire

In related news, insider Fabrizio Freda sold 54,610 shares of Est?e Lauder Companies stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $140.78, for a total transaction of $7,687,995.80. Following the sale, the insider now directly owns 127,784 shares in the company, valued at approximately $17,989,431.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tracey Thomas Travis sold 5,000 shares of Est?e Lauder Companies stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00. Following the sale, the chief financial officer now owns 24,467 shares in the company, valued at $3,352,468.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,642 shares of company stock worth $29,740,621. 16.24% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Chemical Bank acquired a new stake in Est?e Lauder Companies during the 4th quarter worth approximately $286,000. Xact Kapitalforvaltning AB boosted its position in Est?e Lauder Companies by 6.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 43,954 shares of the company’s stock worth $5,593,000 after buying an additional 2,762 shares during the period. Envestnet Asset Management Inc. boosted its position in Est?e Lauder Companies by 111.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 65,535 shares of the company’s stock worth $8,338,000 after buying an additional 34,516 shares during the period. CNB Bank acquired a new stake in Est?e Lauder Companies during the 4th quarter worth approximately $141,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Est?e Lauder Companies by 49.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 212,066 shares of the company’s stock worth $26,983,000 after buying an additional 70,053 shares during the period. Institutional investors and hedge funds own 54.13% of the company’s stock.

The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $55,350.29, a P/E ratio of 43.30, a P/E/G ratio of 2.66 and a beta of 0.64.

Est?e Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Est?e Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company earned $1.22 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. equities research analysts expect that Est?e Lauder Companies will post 4.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 1.01%. Est?e Lauder Companies’s payout ratio is 43.80%.

ILLEGAL ACTIVITY WARNING: “Est?e Lauder Companies (EL) Sets New 52-Week High and Low After Analyst Upgrade” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3336723/est%ef%bf%bde-lauder-companies-el-sets-new-52-week-high-and-low-after-analyst-upgrade.html.

Est?e Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

Receive News & Ratings for Est?e Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Est?e Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Menlo Therapeutics  Expected to Post Earnings of -$0.68 Per Share
Menlo Therapeutics Expected to Post Earnings of -$0.68 Per Share
MaidSafeCoin  Trading Up 18.7% Over Last Week
MaidSafeCoin Trading Up 18.7% Over Last Week
Quantstamp  Price Up 27.7% Over Last Week
Quantstamp Price Up 27.7% Over Last Week
PokeCoin Price Tops $0.0001 on Major Exchanges
PokeCoin Price Tops $0.0001 on Major Exchanges
Analysts Anticipate Red Robin  Will Post Earnings of $0.72 Per Share
Analysts Anticipate Red Robin Will Post Earnings of $0.72 Per Share
$231.55 Million in Sales Expected for EQT Midstream Partners  This Quarter
$231.55 Million in Sales Expected for EQT Midstream Partners This Quarter


Leave a Reply

© 2006-2018 Ticker Report. Google+.