Today: Estee Lauder Companies Inc. (EL) Rating Lowered to Neutral at Piper Jaffray Cos.

Today: Estee Lauder Companies Inc. (EL) Rating Lowered to Neutral at Piper Jaffray Cos.

Estee Lauder Companies Inc. (NYSE:EL) was downgraded by analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a report issued on Thursday. They presently have a $90.00 price target on the stock.

A number of other brokerages also recently commented on EL. Vetr raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $94.06 price objective for the company in a research report on Tuesday, August 30th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $100.00 price objective (up previously from $98.00) on shares of Estee Lauder Companies in a research report on Friday, July 15th. Jefferies Group reaffirmed a “hold” rating and issued a $98.00 price objective on shares of Estee Lauder Companies in a research report on Thursday, July 14th. Zacks Investment Research downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Credit Agricole SA reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Estee Lauder Companies in a research report on Friday, September 16th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$100.42.

Shares of Estee Lauder Companies (NYSE:EL) opened at 87.33 on Thursday. The firm has a 50-day moving average price of $88.34 and a 200-day moving average price of $91.97. The firm has a market cap of $31.94 billion, a price-to-earnings ratio of 29.50 and a beta of 0.91. Estee Lauder Companies has a 52-week low of $80.18 and a 52-week high of $97.48.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Friday, August 19th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.15. The business earned $2.65 billion during the quarter. Estee Lauder Companies had a net margin of 9.90% and a return on equity of 33.20%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Analysts predict that Estee Lauder Companies will post ($0.07) EPS for the current fiscal year.

In related news, insider Fabrizio Freda sold 18,758 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of C$88.01, for a total value of C$1,650,891.58. Following the completion of the sale, the insider now directly owns 89,532 shares of the company’s stock, valued at C$7,879,711.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gregory Polcer sold 15,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of C$95.00, for a total value of C$1,425,000.00. Following the completion of the sale, the executive vice president now directly owns 84,909 shares of the company’s stock, valued at C$8,066,355. The disclosure for this sale can be found here. 16.98% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Fundsmith LLP purchased a new stake in shares of Estee Lauder Companies during the second quarter valued at $211,465,000. FMR LLC raised its position in Estee Lauder Companies by 4.4% in the second quarter. FMR LLC now owns 30,920,948 shares of the company’s stock valued at $2,814,424,000 after buying an additional 1,309,267 shares during the period. Emerald Acquisition Ltd. bought a new position in Estee Lauder Companies during the second quarter valued at approximately $53,994,000. American Century Companies Inc. raised its position in Estee Lauder Companies by 12.2% in the second quarter. American Century Companies Inc. now owns 5,436,412 shares of the company’s stock valued at $494,822,000 after buying an additional 592,412 shares during the period. Finally, Royal Bank of Canada raised its position in Estee Lauder Companies by 38.8% in the second quarter. Royal Bank of Canada now owns 1,903,938 shares of the company’s stock valued at $173,296,000 after buying an additional 531,853 shares during the period. 55.36% of the stock is owned by hedge funds and other institutional investors.

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