Estee Lauder Cos., Inc. (NYSE:EL) shares traded -2.53% lower at $90.07 on Wall Street last session.
EL stock price is now -8.17% away from the 50-day moving average and -29.18% away from the 200-day moving average. The market capitalization of the company currently stands at $32.31B.
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With the price target enhanced from $95 to $114, Piper Sandler Upgraded its rating from Neutral to Overweight for Estee Lauder Cos., Inc. (NYSE: EL). On August 16, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $140 to quote $100, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, BARSHEFSKY CHARLENE, Director sold 3,437 shares of the company’s stock on Aug 27 ’24. The stock was sold for $315,963 at an average price of $91.93. Upon completion of the transaction, the Director now directly owns 49,800 shares in the company, valued at $4.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Director BARSHEFSKY CHARLENE bought 3,437 shares of the business’s stock. A total of $315,958 was incurred on buying the stock at an average price of $91.93. A total of 35.27% 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 $163.22. 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 $38740836352, which is based on a 83.41 price-to-earnings ratio, a 3.56 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for EL is $98.083 and a two-hundred day moving average price translates $127.17475 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.
