Estee Lauder Companies Inc (EL) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 105 from a previous price target of $96 . Stifel advised their investors in a research report released on Apr 19, 2016.
Many Wall Street Analysts have commented on Estee Lauder Companies Inc. Company shares were Reiterated by Piper Jaffray on Apr 13, 2016 to “Overweight”, Firm has raised the Price Target to $ 100 from a previous price target of $99 .Estee Lauder Companies Inc was Downgraded by Goldman to ” Neutral” on Mar 16, 2016. Estee Lauder Companies Inc was Initiated by Atlantic Equities to “Overweight” on Feb 11, 2016.
On the company’s financial health, Estee Lauder Companies Inc reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 5, 2016. Analyst had a consensus of $1.10. The company had revenue of $3124.80 million for the quarter, compared to analysts expectations of $3079.98 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.
Estee Lauder Companies Inc opened for trading at $94.9 and hit $95.97 on the upside on Monday, eventually ending the session at $95.78, with a gain of 0.87% or 0.83 points. The heightened volatility saw the trading volume jump to 9,62,812 shares. Company has a market cap of $35,302 M.
In a different news, on Feb 5, 2016, Sara E Moss (Exec. VP, Gen. Counsel) sold 29,104 shares at $90.00 per share price. According to the SEC, on Nov 6, 2015, Alexandra C. Trower (EVP – Global Communications) sold 4,466 shares at $85.19 per share price. On Nov 6, 2015, Carl P. Haney (EVP-Global R&D) sold 11,211 shares at $85.20 per share price, according to the Form-4 filing with the securities and exchange commission.
The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care makeup fragrance and hair care products. The Companys products are sold in over 150 countries and territories under a number of brand names including Estee Lauder Aramis Clinique Origins Le Labo M.A.C Bobbi Brown La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names such as Tommy Hilfiger Donna Karan Michael Kors Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores specialty retailers upscale perfumeries and pharmacies and prestige salons and spas. In addition its products are sold in freestanding Company-operated stores its own and authorized retailer Websites stores on cruise ships direct response television (DRTV) in-flight and duty-free shops.