(The) (NYSE:EL) has been given a $135.00 price objective by stock analysts at Piper Jaffray Companies in a research report issued on Wednesday.
Looking into last 5 trades, the stock observed a return of nearly 1.42%. (The) News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies, Inc. Demsey John also sold $2.67 million worth of Estee Lauder Companies Inc (NYSE:EL) shares.
On August 21 the company was set at "Market Perform" according to a BMO Capital report which is up from the previous "Market Perform" rating. The correct version of this article can be viewed at https://stocknewstimes.com/2017/11/01/piper-jaffray-companies-boosts-estee-lauder-companies-inc-the-el-price-target-to-135-00.html. The stock of Estee Lauder Companies Inc (NYSE:EL) has "Buy" rating given on Monday, August 7 by Jefferies. Wells Fargo & Company restated a "buy" rating and issued a $112.00 price objective on shares of Estee Lauder Companies, Inc. August 21 investment analysts at Deutsche Bank kept the company rating at "Buy" but raised the price target to $119.00 from $98.00. Acrospire Investment Management LLC raised its position in Estee Lauder Companies, Inc. Brean Capital downgraded the stock to "Hold" rating in Tuesday, July 28 report.
09/07/2017 - Estee Lauder Companies, Inc.
The share price of the company (NYSE:EL) was up +0.87%, with a high of 112.27 during the day and the volume of Estee Lauder Companies, Inc.
EL stock was up 8% as of Wednesday morning and is up 59% year-to-date. About shares traded. Minerals Technologies Inc (NYSE:MTX) has risen 31.01% since November 1, 2016 and is uptrending. The company has market cap of $41.21 billion. The 50 day moving average was up $12.66 or +11.552% whereas the 200 day moving average was up $22.23 or +22.220%. (The) (NYSE:EL) last announced its quarterly earnings results on Thursday, November 2nd. On the bottom line, adjusted earnings per share surged from $0.85 to $1.21, beating estimates at $0.97. (The) had a return on equity of 32.38% and a net margin of 10.56%. The beauty products company reported revenue of $2.87 billion in its fiscal first quarter of 2017. The company's quarterly revenue was up 14.3% compared to the same quarter a year ago.
Estee Lauder shares have increased 46 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 15 percent. Shareholders of record on Wednesday, November 30th will be paid a $0.34 dividend.
Jones Financial Companies Lllp increased Lauder Estee Cos Cl (EL) stake by 67.42% reported in 2017Q2 SEC filing. This dividend amount represented a yield of $1.22. It doesn't indicate the likely direction of the stock price, just the likelihood that the stock will move. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. Following the completion of the sale, the director now owns 40,982 shares of the company's stock, valued at $4,356,386.60.
Estee Lauder Companies Inc also saw its operating income increase 36% during the quarter from $418 million to $568 million. (The) stock in a transaction that occurred on Friday, September 8th. EVP - Global Supply Chain Gregory Polcer disclosed the sale of 2,730 shares. Institutional investors and hedge funds own 54.84% of the company's stock.
"We believe Estee Lauder continues to prove that it is successfully pivoting distribution in the USA away from non-performing department stores", J.P. Morgan analyst Andrea Teixeira said. "(The) (EL) Releases Q2 Earnings Guidance" was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and global copyright and trademark laws.