Barclays Boosts Estée Lauder Companies (NYSE:EL) Price Target to $150.00

Estée Lauder Companies (NYSE:EL) had its price objective increased by research analysts at Barclays from $146.00 to $150.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 2.98% from the stock’s previous close.

EL has been the topic of several other reports. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Royal Bank of Canada raised their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Raymond James boosted their target price on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 6th. Finally, StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $168.17.

Estée Lauder Companies Price Performance

NYSE:EL traded down $1.70 during mid-day trading on Thursday, hitting $145.66. 2,264,025 shares of the company’s stock traded hands, compared to its average volume of 2,638,873. Estée Lauder Companies has a 1 year low of $102.22 and a 1 year high of $250.63. The company has a market cap of $52.21 billion, a PE ratio of 112.07, a price-to-earnings-growth ratio of 3.90 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The firm’s 50 day simple moving average is $146.84 and its 200 day simple moving average is $138.16.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter last year, the business posted $1.54 earnings per share. Estée Lauder Companies’s revenue was down 7.4% compared to the same quarter last year. Sell-side analysts expect that Estée Lauder Companies will post 2.23 EPS for the current year.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in Estée Lauder Companies during the 4th quarter valued at approximately $26,000. Riverview Trust Co bought a new position in shares of Estée Lauder Companies during the first quarter worth about $26,000. Hexagon Capital Partners LLC increased its holdings in shares of Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. Arlington Trust Co LLC bought a new stake in Estée Lauder Companies in the 3rd quarter valued at about $32,000. Finally, Exchange Traded Concepts LLC boosted its stake in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the period. 55.15% of the stock is currently owned by institutional investors.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.