The Goldman Sachs Group Cuts Estée Lauder Companies (NYSE:EL) Price Target to $75.00

Estée Lauder Companies (NYSE:EL) had its price target cut by equities researchers at The Goldman Sachs Group from $100.00 to $75.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 12.65% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $105.00 to $72.00 in a report on Thursday. StockNews.com cut Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $100.00 in a research note on Friday, August 16th. DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, October 29th. Finally, Evercore ISI dropped their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.18.

Estée Lauder Companies Stock Performance

Shares of EL opened at $66.58 on Friday. The company has a market cap of $23.88 billion, a price-to-earnings ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01. The business’s fifty day simple moving average is $90.09 and its two-hundred day simple moving average is $106.21. Estée Lauder Companies has a 12 month low of $63.36 and a 12 month high of $159.75. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the firm posted $0.11 earnings per share. Estée Lauder Companies’s revenue was down 4.5% compared to the same quarter last year. Research analysts anticipate that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

Institutional Trading of Estée Lauder Companies

Several hedge funds have recently modified their holdings of EL. Rothschild Investment LLC bought a new position in shares of Estée Lauder Companies in the 2nd quarter valued at about $30,000. PARK CIRCLE Co purchased a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at approximately $32,000. Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at $35,000. Finally, Larson Financial Group LLC lifted its position in Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other 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, and powders, as well as compacts, brushes, and other makeup tools.