Deutsche Bank Aktiengesellschaft Lowers Estée Lauder Companies (NYSE:EL) Price Target to $78.00

Estée Lauder Companies (NYSE:EL) had its price objective dropped by Deutsche Bank Aktiengesellschaft from $80.00 to $78.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential downside of 2.80% from the company’s previous close.

EL has been the subject of several other reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday, October 31st. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Wednesday, October 16th. Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Thursday, October 31st. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley lowered their price objective on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $93.68.

Estée Lauder Companies Stock Up 0.7 %

EL opened at $80.25 on Wednesday. The stock’s fifty day simple moving average is $74.68 and its 200 day simple moving average is $84.92. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.75. The stock has a market cap of $28.81 billion, a PE ratio of 143.30, a price-to-earnings-growth ratio of 5.44 and a beta of 1.02. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, research analysts expect that Estée Lauder Companies will post 1.51 earnings per share for the current year.

Insider Buying and Selling

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg acquired 77,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now directly owns 234,500 shares in the company, valued at $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds have recently added to or reduced their stakes in the business. Centre Asset Management LLC acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $8,585,000. Armistice Capital LLC grew its holdings in Estée Lauder Companies by 111.8% in the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after purchasing an additional 96,239 shares during the period. Franklin Resources Inc. increased its stake in Estée Lauder Companies by 47.5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after purchasing an additional 45,687 shares in the last quarter. Paloma Partners Management Co increased its stake in Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after purchasing an additional 41,773 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the period. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Company Profile

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.