The stock of Estee Lauder Cos., Inc. (NYSE:EL) last traded at $90.97, down -2.02% from the previous session.
EL stock price is now -11.78% away from the 50-day moving average and -29.17% away from the 200-day moving average. The market capitalization of the company currently stands at $32.62B.
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With the price target reduced from $140 to $100, BofA Securities Downgraded its rating from Buy to Neutral for Estee Lauder Cos., Inc. (NYSE: EL). On July 24, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $131, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, LAUDER JANE, Executive Vice President & CDO sold 14,976 shares of the company’s stock on May 30 ’24. The stock was sold for $1,815,990 at an average price of $121.26. Upon completion of the transaction, the Executive Vice President & CDO now directly owns 57,389 shares in the company, valued at $5.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, Group President JUEPTNER PETER sold 12,786 shares of the business’s stock. A total of $1,670,107 was realized by selling the stock at an average price of $130.62. This leaves the insider owning 5,578 shares of the company worth $0.51 million. A total of 35.36% of the company’s stock is owned by insiders.
During the past 12 months, Estee Lauder Cos., Inc. has had a low of $86.05 and a high of $165.76. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 1.39, and a quick ratio of 1.01. According to the stock market information, the enterprise value for the company is $39125618688, which is based on a 84.25 price-to-earnings ratio, a 5.69 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for EL is $102.5268 and a two-hundred day moving average price translates $128.371 for the stock.
The latest earnings results from Estee Lauder Cos., Inc. (NYSE: EL) was released for 2024-06-30. The net profit margin was 2.51% and return on equity was 7.16% for EL. The company reported revenue of $3.87 billion for the quarter, compared to $3.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.26 percent.
