Estée Lauder Companies (NYSE:EL – Get Rating) is set to post its quarterly earnings results before the market opens on Thursday, August 18th. Analysts expect Estée Lauder Companies to post earnings of $0.34 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Estée Lauder Companies Price Performance
NYSE EL opened at $272.50 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.75 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $97.38 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 3.24 and a beta of 0.98. The company has a 50 day moving average price of $256.69 and a two-hundred day moving average price of $267.62. Estée Lauder Companies has a 12-month low of $225.39 and a 12-month high of $374.20.
Analyst Ratings Changes
EL has been the subject of a number of analyst reports. Raymond James reduced their price objective on shares of Estée Lauder Companies from $345.00 to $320.00 in a research note on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Estée Lauder Companies from $274.00 to $266.00 in a research note on Tuesday. Credit Suisse Group cut their target price on shares of Estée Lauder Companies from $365.00 to $320.00 in a research note on Wednesday, May 4th. UBS Group upped their target price on shares of Estée Lauder Companies to $266.00 in a research note on Friday, July 22nd. Finally, Wells Fargo & Company cut their target price on shares of Estée Lauder Companies from $310.00 to $290.00 in a research note on Wednesday, May 4th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $332.60.
Insider Buying and Selling at Estée Lauder Companies
In other Estée Lauder Companies news, EVP Carl P. Haney sold 1,965 shares of Estée Lauder Companies stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $237.92, for a total value of $467,512.80. Following the transaction, the executive vice president now owns 4,515 shares in the company, valued at approximately $1,074,208.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Carl P. Haney sold 1,965 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $237.92, for a total value of $467,512.80. Following the completion of the sale, the executive vice president now owns 4,515 shares of the company’s stock, valued at approximately $1,074,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carl P. Haney sold 548 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $263.88, for a total transaction of $144,606.24. Following the transaction, the executive vice president now directly owns 3,296 shares of the company’s stock, valued at $869,748.48. The disclosure for this sale can be found here. 12.91% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Estée Lauder Companies
A number of hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors Inc. raised its holdings in shares of Estée Lauder Companies by 8.8% in the first quarter. Laurel Wealth Advisors Inc. now owns 2,891 shares of the company’s stock valued at $787,000 after purchasing an additional 233 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Estée Lauder Companies in the first quarter valued at approximately $640,000. Pearl River Capital LLC bought a new stake in Estée Lauder Companies in the first quarter valued at approximately $634,000. Zions Bancorporation N.A. boosted its holdings in Estée Lauder Companies by 13.6% in the first quarter. Zions Bancorporation N.A. now owns 2,039 shares of the company’s stock valued at $555,000 after acquiring an additional 244 shares during the last quarter. Finally, Fund Management at Engine No. 1 LLC bought a new position in shares of Estée Lauder Companies during the 1st quarter worth approximately $536,000. Institutional investors and hedge funds own 58.85% of the company’s stock.
Estée Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.