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• Latest EL SEC Filings

Filings Format Description Filing Date File/Film Number
DEFA14A  Documents Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Acc-no: 0001104659-20-108171 (34 Act)  Size: 646 KB
2020-09-24 001-14064
201194005
DEF 14A  Documents Other definitive proxy statements
Acc-no: 0001047469-20-004978 (34 Act)  Size: 5 MB
2020-09-24 001-14064
201193928
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000100 Size: 5 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000099 Size: 5 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000098 Size: 7 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000097 Size: 7 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000096 Size: 7 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000095 Size: 5 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000094 Size: 7 KB
2020-09-16
4  Documents Statement of changes in beneficial ownership of securities
Acc-no: 0001001250-20-000093 Size: 7 KB
2020-09-16
More EL SEC Filings


Related news from
Fri, 23 Oct 2020
18:17:00 +0000
Estee Lauder's Charts Are Still Looking Pretty
In the "Lightning Round" segment of Mad Money Thursday night, Jim Cramer was bullish on a number of stocks including Estee Lauder EL. We last recommended EL back on May 4, writing that "The charts and indicators for EL are constructive and aggressive traders could probe the long side risking a close below $160.
Fri, 23 Oct 2020
15:03:56 +0000
Is Estée Lauder Companies (EL) a Smart Long-term Buy?
Polen Capital Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. During the third quarter of 2020, the Polen Global Growth Composite Portfolio returned 9.09% gross of fees, while the MSCI All Country World Index was up 8.14%. You should check out Polen Capital’s top 5 stock picks […]
Wed, 21 Oct 2020
14:24:27 +0000
Price Over Earnings Overview: Estee Lauder
In the current session, Estee Lauder Cos Inc. (NYSE: EL) is trading at $230.57, after a 2.09% increase. Over the past month, the stock increased by 11.11%, and in the past year, by 22.99%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently above from its 52 week high by 0.86%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.View more earnings on ELMost often, an industry will prevail in a particular phase of a business cycle, than other industries.Estee Lauder Cos Inc. has a better P/E ratio of 121.35 than the aggregate P/E ratio of 11.25 of the Personal Products industry. Ideally, one might believe that Estee Lauder Cos Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Stocks That Hit 52-Week Highs On Wednesday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mon, 19 Oct 2020
20:45:00 +0000
The Estée Lauder Companies to Webcast Discussion of Fiscal 2021 First Quarter Results on November 2, 2020
The Estée Lauder Companies Inc. (NYSE: EL) will release fiscal 2021 first quarter results on November 2, 2020.
Tue, 08 Sep 2020
14:25:28 +0000
Hedge Funds Dipping Their Toes Back Into The Estee Lauder Companies Inc (EL)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Fri, 04 Sep 2020
16:37:24 +0000
The Effects Of COVID On The Beauty Industry
According to McKinsey Consulting, the beauty industry saw its sales halve on a year-over-year basis. McKinsey predicts global revenue will fall by up to 30% during 2020. But consumers are still buying beauty products and the industry is adapting to the COVID-19 era. Ironically, this industry is like a cockroach. It always figures out how to survive.In the early days of the pandemic, large corporations such as Estee Lauder Companies Inc (NYSE: EL) and L OREAL S A/ADR (OTC: LRLCY) (OTC: LRLCF) shifted their production to hand sanitizers. By meeting the demand, they managed to keep their factories open. Luckily, it was easy for beauty companies to shift their production to sanitizers as alcohol is contained in the majority of their products. But the story goes far beyond sanitizers.Beauty In The COVID-Era These days, beauty companies sell sanitizers that smell and look much fancier than the regular edition of this simple hygienic tool. Sanitizers and masks became the new fashion statement. Some brands have even started infusing healthy additions like zinc into cloth masks to boost their value by claiming they have antimicrobial properties.No More Need For Makeup Beauty companies are astute at identifying a problem and trying to solve it. Sometimes, they even succeed in creating a need out of thin air. When the pandemic started, brands tried to convince women they need makeup for conference calls on Zoom Video Communications Inc's (NASDAQ: ZM) platform or meetings via Microsoft Corporation (NASDAQ: MSFT) Teams. But as the lockdown went on and on, we just got used to seeing imperfections as well as pets and kids running around. Zoom's beautify feature was an unbeatable blow as all users need to do is check the box named "Touch Up My Appearance." Estee Lauder - The Image Of The Industry Estee Lauder's fourth-quarter earnings reported skincare sales were up by 1/4 while makeup sales more than halved. The rise in online sales was not enough to compensate for store closures as both revenues and profit dived. Estee Lauder revealed net profits more than halved to $680 million in the year to June. The fall came despite the group making $800 million worth of savings including cuts to advertising, travel and a recruitment freeze. June's quarterly dividend was not handed out. Estee Lauder will be trimming its global workforce by 2,000. The cuts are expected to save the company up to $400 million a year.Estee Lauder's latest earnings report does a good job at reflecting the overall industry. Even L'Oreal saw its sales dropping more than 11% during the first six months of the year.Masks Replaced Makeup With Inner Beauty Wellness NPD reported that prestige makeup has seen sales drop 37 percent in the last six months. Out of seventy-one percent of women in the firm's study said they wear makeup less often as a consequence of their new lifestyle. Women have become more concerned about inner beauty that radiates from the inside out. The famous lipstick index met its match, but companies found a way to put other products in consumer's minds and on even on their faces such as eye makeup, according to NPD's sales data.One of the reasons DIY treatments are popular now is that SPAs and salons were closed during the lockdown. Nail polish sales had been suffering before the pandemic but are now booming as women couldn't get their manicures done at salons.The New Buzzword Face masks will continue being part of our future for a while. Beauty loves a good buzzword to throw around, and this time that word is maskne. It describes the appearance of acne around the area where one wears a mask. This is not a new term as it is simply derived from basic inflammation and irritation caused by physical friction. The humidity and dirt inside the mask can only worsen the underlying condition as they create an ideal environment for bacteria to thrive.From Lipstick To Skincare The "lipstick index," a term coined by Leonard Lauder, didn't hold this time. NPD reported that lipstick sales tanked over the last six months when masks became the known way to fight the spread of COVID. Skincare replaced it. But there's no reason to think that beauty won't surf the wave like it did during the recession in 2008 because the fundamental factor didn't change. People are eager to splurge on small luxuries to help themselves feel better both physically and mentally during these unprecedented times.But it seems makeup sales will continue being soft for the foreseeable future. The pandemic brought long-term changes in consumer behavior. Consumers are still buying beauty products, but their priorities changed, as well as the way they value brands. COVID-19 redefined the look of the beauty industry. This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . IAM Newswire does not hold any position in the mentioned companies. Press Releases - If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.comThe post Beauty in the time of COVID appeared first on IAM Newswire.Photo by Element5 Digital on UnsplashSee more from Benzinga * The Dow Jones Index: The Story Of COVID-19 Winners * 4 Solar Stocks That Could Be Even Better Than Tesla * Big Tech: Too Much Value Concentrated In Only A Few Ecosystems(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 04 Sep 2020
12:00:00 +0000
The Estée Lauder Companies Announces That Tara Simon Will Be Named Senior Vice President, Global General Manager, Too Faced
Today, The Estée Lauder Companies (NYSE:EL) announced that Tara Simon has joined The Estée Lauder Companies as Senior Vice President, Global General Manager, Too Faced, effective August 31, 2020. She will report to John Demsey, Executive Group President, The Estée Lauder Companies (ELC), and will succeed Eric Hohl, who is departing from the company.
Thu, 03 Sep 2020
20:48:00 +0000
The Estée Lauder Companies to Webcast Its Presentation at the Barclays Global Consumer Staples Conference
Representatives of The Estée Lauder Companies Inc. (NYSE: EL) will speak at the Virtual Barclays Global Consumer Staples Conference on Tuesday, September 8, 2020.
Thu, 03 Sep 2020
12:00:00 +0000
Estee Lauder Is Well Positioned Post-Pandemic
Customers are buying less makeup, and and store closures are hurting sales, but Estee Lauder's strength in global skincare and digital capabilities puts it ahead of peers.
Mon, 31 Aug 2020
16:11:28 +0000
Urbem's 'Megatrend' Series: Sheconomy
We list a few quality businesses poised to win over women's hearts
Fri, 28 Aug 2020
13:51:00 +0000
Ulta Stock Is Soaring Because You Don’t Need Makeup to Make These Earnings Look Good
Ulta (ULTA) said it earned 73 cents a share on sales of $1.2 billion, down 28% from a year ago. Ulta didn’t reinstate full-year guidance (and few other retailers have, given ongoing uncertainty about the pandemic), but it did say it plans to open 30 new stores in fiscal 2021, and it lowered its capital expenditure outlook. Ulta stock has gained 9,8% at 9:50 a.m. Friday, after being up 15.7% in premarket trading, and there was a lot to like in the quarter.
Mon, 24 Aug 2020
15:04:27 +0000
Estee Lauder’s Price Target Raised to $233 on Strong Skincare Business, $275 in Best-Case Scenario: Morgan Stanley
Estee Lauder’s, one of the world’s leading manufacturers and marketers of quality skincare, price target was raised to $233 from $196, largely driven by expectations of higher growth in the skincare business, according to Morgan Stanley equity analyst Dara Mohsenian, who also said key value drivers will remain intact in the long-term post-COVID-19 crisis.
Mon, 24 Aug 2020
14:39:02 +0000
Estee Lauder Wins Over Another Analyst: Why RBC Is Turning Bullish
Estee Lauder Companies Inc (NYSE: EL) won over another Street analyst Monday, as RBC Capital Markets sees the beauty company as being run by one of the best management teams.The Estee Lauder Analyst: Nik Modi upgraded Estee Lauder from Sector Perform to Outperform with a price target lifted from $194 to $240.The Estee Lauder Takeaways: Estee Lauder's stock has lagged major indices during the COVID-19 pandemic. The fourth-quarter the company issued Thursday prompted RBC to turn bullish for five reasons, Modi said in a Monday upgrade note. (See his track record here.)First, the pandemic accelerated a favorable trend of consumers shopping online for beauty products, the analyst said. Online sales come with more favorable margins versus department stores and offer better customer data, he said. Second, Estee Lauder has shown an ability to "weather the storm and bounce back" from prior difficulties, Modi said, adding that the stock fell 50% during the global financial crisis, only to gain nearly 200% on the rebound. Third, the company deserves credit for cutting operating expenses by 22% in the fourth quarter, and some of these cuts will remain permanent, the analyst said. This should help Estee Lauder return to pre-pandemic margins of 17.5% by fiscal 2022, with further expansion in outer years, he said. Fourth, Estee Lauder's recent track record of success includes a shift to online sales, a focus on fast-growing skincare, growth in Asia and generating margin expansion year-over-year for each of the past five years prior to the pandemic, Modi said.This "lends credibility" to its ability to execute on its business acceleration program, the analyst said. Estee Lauder's long-term growth profile of 6% to 8% remains "achievable" from a combination of inorganic growth and strong organic growth, according to RBC. EL Price Action: Shares of Estee Lauder were trading higher by 3.96% at the time of publication Monday at $215.20. Related Links:2 Estee Lauder Analysts Issue Upgrades After Q4 Miss: 'It Makes Sense To Look Longer-Term'Pro Offers Cheaper Alternative In The Beauty Stock DrawerLatest Ratings for EL DateFirmActionFromTo Aug 2020RBC CapitalUpgradesSector PerformOutperform Aug 2020Deutsche BankMaintainsBuy Aug 2020DA DavidsonUpgradesNeutralBuy View More Analyst Ratings for EL View the Latest Analyst Ratings See more from Benzinga * 2 Estee Lauder Analysts Issue Upgrades After Q4 Miss: 'It Makes Sense To Look Longer-Term' * Pro Offers Cheaper Alternative In The Beauty Stock Drawer * Oppenheimer Names Beauty Company Estee Lauder A 'Top Pick'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mon, 24 Aug 2020
13:34:28 +0000
Benzinga's Top Upgrades, Downgrades For August 24, 2020
Upgrades * B of A Securities upgraded the previous rating for Deere & Co (NYSE: DE) from Neutral to Buy. Deere earned $2.57 in the third quarter, compared to $2.71 in the year-ago quarter. The stock has a 52-week-high of $202.95 and a 52-week-low of $106.14. At the end of the last trading period, Deere closed at $199.49. * JMP Securities upgraded the previous rating for MFA Financial Inc (NYSE: MFA) from Market Perform to Market Outperform. MFA Finl earned $0.19 in the second quarter, compared to $0.20 in the year-ago quarter. The current stock performance of MFA Finl shows a 52-week-high of $8.09 and a 52-week-low of $0.32. Moreover, at the end of the last trading period, the closing price was at $2.67. * Citigroup upgraded the previous rating for Qiagen NV (NYSE: QGEN) from Neutral to Buy. In the second quarter, Qiagen showed an EPS of $0.55, compared to $0.33 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.79 and a 52-week-low of $25.04. Qiagen closed at $52.39 at the end of the last trading period. * According to RBC Capital, the prior rating for The Estee Lauder Companies Inc (NYSE: EL) was changed from Sector Perform to Outperform. Estee Lauder Cos earned $0.53 in the fourth quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $220.42 and a 52-week-low of $137.01. At the end of the last trading period, Estee Lauder Cos closed at $206.98. Downgrades * According to HC Wainwright & Co., the prior rating for Galapagos NV (NASDAQ: GLPG) was changed from Buy to Neutral. In the second quarter, Galapagos showed an EPS of $1.95, compared to $0.96 from the year-ago quarter. At the moment, the stock has a 52-week-high of $274.03 and a 52-week-low of $112.00. Galapagos closed at $137.16 at the end of the last trading period. * Northland Capital Markets downgraded the previous rating for Advanced Micro Devices Inc (NASDAQ: AMD) from Outperform to Market Perform. In the second quarter, Advanced Micro Devices showed an EPS of $0.18, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $87.29 and a 52-week-low of $27.43. At the end of the last trading period, Advanced Micro Devices closed at $83.81. * According to Morgan Stanley, the prior rating for Amphenol Corp (NYSE: APH) was changed from Overweight to Equal-Weight. For the second quarter, Amphenol had an EPS of $0.81, compared to year-ago quarter EPS of $0.92. The current stock performance of Amphenol shows a 52-week-high of $111.40 and a 52-week-low of $63.05. Moreover, at the end of the last trading period, the closing price was at $108.24. * For Eversource Energy (NYSE: ES), Guggenheim downgraded the previous rating of Buy to the current rating Neutral. Eversource Energy earned $0.76 in the second quarter, compared to $0.74 in the year-ago quarter. At the moment, the stock has a 52-week-high of $99.42 and a 52-week-low of $60.69. Eversource Energy closed at $86.53 at the end of the last trading period. * B. Riley FBR downgraded the previous rating for Helmerich & Payne Inc (NYSE: HP) from Neutral to Sell. Helmerich & Payne earned $0.34 in the third quarter, compared to $0.41 in the year-ago quarter. The stock has a 52-week-high of $47.45 and a 52-week-low of $12.40. At the end of the last trading period, Helmerich & Payne closed at $16.88. * According to BOCOM International, the prior rating for Pinduoduo Inc (NASDAQ: PDD) was changed from Buy to Neutral. In the second quarter, Pinduoduo showed an EPS of $0.01, compared to $0.04 from the year-ago quarter. At the moment, the stock has a 52-week-high of $98.96 and a 52-week-low of $28.86. Pinduoduo closed at $84.00 at the end of the last trading period. * Evercore ISI Group downgraded the previous rating for Prologis Inc (NYSE: PLD) from Outperform to In-Line. For the second quarter, Prologis had an EPS of $1.11, compared to year-ago quarter EPS of $0.77. At the moment, the stock has a 52-week-high of $106.73 and a 52-week-low of $59.82. Prologis closed at $103.05 at the end of the last trading period. * For Livongo Health Inc (NASDAQ: LVGO), Stifel downgraded the previous rating of Buy to the current rating Hold. Livongo Health earned $0.11 in the second quarter, compared to $0.46 in the year-ago quarter. The stock has a 52-week-high of $150.00 and a 52-week-low of $15.12. At the end of the last trading period, Livongo Health closed at $140.35. * According to Citigroup, the prior rating for Pinterest Inc (NYSE: PINS) was changed from Buy to Neutral. Pinterest earned $0.07 in the second quarter, compared to $0.06 in the year-ago quarter. The stock has a 52-week-high of $38.23 and a 52-week-low of $10.10. At the end of the last trading period, Pinterest closed at $34.20. * According to Benchmark, the prior rating for Steelcase Inc (NYSE: SCS) was changed from Buy to Hold. In the first quarter, Steelcase showed an EPS of $0.18, compared to $0.15 from the year-ago quarter. At the moment, the stock has a 52-week-high of $23.02 and a 52-week-low of $7.02. Steelcase closed at $10.75 at the end of the last trading period. Initiations * Morgan Stanley initiated coverage on AlloVir Inc (NASDAQ: ALVR) with an Overweight rating. The price target for AlloVir is set to $49.00. At the moment, the stock has a 52-week-high of $45.28 and a 52-week-low of $23.01. AlloVir closed at $31.76 at the end of the last trading period. * Ladenburg Thalmann initiated coverage on CNS Pharmaceuticals Inc (NASDAQ: CNSP) with a Buy rating. The price target for CNS Pharmaceuticals is set to $11.00. Interestingly, in the second quarter, CNS Pharmaceuticals's EPS was $0.15. At the moment, the stock has a 52-week-high of $5.69 and a 52-week-low of $1.26. CNS Pharmaceuticals closed at $1.73 at the end of the last trading period. * For Del Taco Restaurants Inc (NASDAQ: TACO), CL King initiated coverage, by setting the current rating at Buy. For the second quarter, Del Taco Restaurants had an EPS of $0.00, compared to year-ago quarter EPS of $0.13. At the moment, the stock has a 52-week-high of $11.56 and a 52-week-low of $2.45. Del Taco Restaurants closed at $8.68 at the end of the last trading period. * With a current rating of Buy, B of A Securities initiated coverage on Retrophin Inc (NASDAQ: RTRX). The price target seems to have been set at $30.00 for Retrophin. For the second quarter, Retrophin had an EPS of $0.22, compared to year-ago quarter EPS of $0.58. At the moment, the stock has a 52-week-high of $21.92 and a 52-week-low of $8.98. Retrophin closed at $18.53 at the end of the last trading period. * With a current rating of Neutral, Goldman Sachs initiated coverage on Vertex Inc (NASDAQ: VERX). The price target seems to have been set at $26.00 for Vertex. The stock has a 52-week-high of $28.75 and a 52-week-low of $22.80. At the end of the last trading period, Vertex closed at $27.24. * With a current rating of Buy, BTIG initiated coverage on TravelCenters Of America Inc (NASDAQ: TA). The price target seems to have been set at $34.00 for TravelCenters Of America. For the second quarter, TravelCenters Of America had an EPS of $0.59, compared to year-ago quarter EPS of $0.15. The current stock performance of TravelCenters Of America shows a 52-week-high of $23.26 and a 52-week-low of $5.51. Moreover, at the end of the last trading period, the closing price was at $17.26. * Needham initiated coverage on Pegasystems Inc (NASDAQ: PEGA) with a Buy rating. The price target for Pegasystems is set to $154.00. Pegasystems earned $0.28 in the second quarter, compared to $0.30 in the year-ago quarter. The current stock performance of Pegasystems shows a 52-week-high of $120.28 and a 52-week-low of $38.01. Moreover, at the end of the last trading period, the closing price was at $119.87. * Needham initiated coverage on Sprout Social Inc (NASDAQ: SPT) with a Buy rating. The price target for Sprout Social is set to $40.00. Interestingly, in the second quarter, Sprout Social's EPS was $0.11. The stock has a 52-week-high of $34.30 and a 52-week-low of $10.54. At the end of the last trading period, Sprout Social closed at $34.26. * Bernstein initiated coverage on Ballard Power Systems Inc (NASDAQ: BLDP) with an Outperform rating. The price target for Ballard Power Systems is set to $22.00. For the second quarter, Ballard Power Systems had an EPS of $0.05, compared to year-ago quarter EPS of $0.03. At the moment, the stock has a 52-week-high of $21.61 and a 52-week-low of $4.25. Ballard Power Systems closed at $16.21 at the end of the last trading period.See more from Benzinga * Apple's Debt Overview * NN's Debt Overview * What Does Tesla's Debt Look Like?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mon, 24 Aug 2020
13:16:00 +0000
Estee Lauder Got Another Upgrade. Wall Street Is Coming Around to the Stock.
RBC Capital Markets’ Nik Modi joined the bulls, boosting his rating on the shares to Outperform from Sector Perform, and his price target to $240 from $194.
Mon, 24 Aug 2020
12:35:00 +0000
Ulta Beauty Reports Earnings This Week. Here’s What This Analyst Likes About the Stock.
While Piper Sandler still likes the stock, the firm warns that investors might have to lower their expectations.
Mon, 24 Aug 2020
09:36:17 +0000
Morgan Stanley Upgrades Estee Lauder To Buy, Hikes PT
Morgan Stanley upgraded Estee Lauder to Buy from Hold, citing the switch to e-commerce and "skin care momentum" as the main drivers fueling growth recovery in the long-term.Morgan Stanley analyst Dara Mohsenian, who raised the stock's price target to $233 (12.6% upside potential) from $196, sees "key value drivers as still intact longterm post COVID, particularly skin care momentum and a shift to e-commerce, and more COVID challenged areas as likely to recover, with new H2 FY21 EPS guidance and LT margin guidance from EL's fiscal Q4 call providing more visibility." The analyst believes that Estee Lauder is still on track in its years-long transformation into a “higher growth and higher margin company".Despite EL’s disappointing 4Q results on Aug. 20, many analysts turned bullish on the company's long-term outlook. D.A. Davidson analyst Linda Bolton Weiser upgraded the EL to Buy from Hold and lifted the price target to $231 (11.6% upside potential) from $183 on Aug. 21.Bolton Weiser noted that “Estee Lauder had enough confidence and visibility to issue first-quarter guidance,” which minimizes the risk of earnings disappointments in the future. The analyst expects e-commerce revenues to continue to grow in fiscal 2021.Estee Lauder reported a loss of $0.50 a share in 4Q, versus analysts’ expectations of a loss of $0.19 per share. Its revenues of $2.43 billion missed Street expectations of $2.45 billion, due to store closures amid the coronavirus pandemic. Nevertheless, the company is positive about a COVID-19 recovery across all the regions, led by China, and expects sales trends to improve sequentially each quarter in fiscal 2021. For 1Q, EL expects its earnings in the range of $0.80 - $0.85 per share. (See EL stock analysis on TipRanks).Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 10 Buys, 3 Holds, and 1 Sell. The average price target of $218.21 implies upside potential of 5.4%, with its shares trading almost flat on a year-to-date basis.Related News: GAN Drops 18% On Larger 2Q Loss; Analyst Sticks To Buy Deere Gains 4% On Raised 2020 Profit Outlook Pinduoduo Sinks 14% After 2Q Revenues Miss Estimates More recent articles from Smarter Analyst: * AstraZeneca Rises On Report Trump Could Fast-Track Covid-19 Vaccine Candidate * Takeda To Sell Consumer Health Unit To Blackstone In $2.3B Deal * Sonnet Bio Spikes 70% In Pre-Market On FDA Covid-19 Plasma Nod * KBR Scores Double China Contract Win For Baofeng Energy Project
Fri, 21 Aug 2020
19:20:42 +0000
2 Estee Lauder Analysts Issue Upgrades After Q4 Miss: 'It Makes Sense To Look Longer-Term'
Estee Lauder Companies Inc (NYSE: EL) reported fourth-quarter and full-year fiscal 2020 results Thursday that disappointed investors -- prompted two analysts to turn bullish on the beauty stock. The Estee Lauder Analysts: D.A. Davidson analyst Linda Bolton Weiser upgraded Estee Lauder from Neutral to Buy with a price target lifted $183 to $231.Morgan Stanley analyst Dara Mohsenian upgraded Estee Lauder from Equal-weight to Overweight with a price target lifted from $196 to $233.DA Davidson Says The Worst Is Over: Estee Lauder reported "worse-than-feared" fourth-quarter results, Bolton Weiser said in a note. The cosmetics company posted a constant currency fourth-quarter loss of 50 cents per share against a Street estimate for a 19-cent-per-share loss, and sales of $2.43 billion missed the $2.45-billion Street estimate. The operating loss of $228 million was also worse than the $93-million loss the Street was expecting, the analyst said, adding that the gross margin fell 840 basis points year-over-year to 68.5% against expectations for a 72.3% gross margin. Estee Lauder's guidance for the fiscal first quarter of 2021 was also disappointing, she said. The company expects to earn 80-85 cents per share on revenue in a range of $3.389 billion to $3.428 billion versus expectations of $1.15 on revenue of $3.491 billion, Bolton Weiser said. The reason to be bullish moving forward is that Estee Lauder's guidance lowers the risk of earnings disappointments, the analyst said. The gross margin should move higher going forward, as manufacturing capacity is running at near-normal levels, the analyst said.View more earnings on ELE-commerce as a percentage of sales in the fourth quarter was around 40%, and the margin-accretive online business should grow in China and the U.S., she said. Estee Lauder is prioritizing its e-commerce business, including reinvesting cost savings in digital capabilities and omnichannel, according to D.A. Davidson. Morgan Stanley Says It's Not Looking Back: Estee Lauder's fourth-quarter report and guidance were "disappointing" and warranted the 7% decline in the stock, Mohsenian said in an upgrade note.Now is not the time to look in the rearview mirror, as the company highlighted multiple growth drivers, the analyst said. The prior bullish case was based on Estee Lauder's moves over the last 10 years to focus on high-growth, high-margin categories like skin care, e-commerce, travel retail and the Chinese market, he said.In the long run, this is a valid thesis and it "remains on track," Mohsenian said. "Net, with vaccine progress on the horizon, and the S&P 500 at an all-time high, we think it makes sense to look out longer-term at EL." EL Price Action: Estee Lauder shares were up 4.63% at $207.45 at last check Friday. Related Links:Oppenheimer Names Beauty Company Estee Lauder A 'Top Pick'Pro Offers Cheaper Alternative In The Beauty Stock DrawerLatest Ratings for EL DateFirmActionFromTo Aug 2020Deutsche BankMaintainsBuy Aug 2020DA DavidsonUpgradesNeutralBuy Aug 2020Morgan StanleyUpgradesEqual-WeightOverweight View More Analyst Ratings for EL View the Latest Analyst Ratings See more from Benzinga * Pro Offers Cheaper Alternative In The Beauty Stock Drawer(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fri, 21 Aug 2020
16:10:00 +0000
Estée Lauder has a plan to grow, but analysts are mixed about whether it will help the next few months
Estée Lauder reported wider-than-expected losses and gave weak guidance, but has a plan to shift business online and lay the groundwork for a post-coronavirus recovery.
Fri, 21 Aug 2020
15:59:00 +0000
Estee Lauder Stock Climbs as Analysts Predict Better Days
The stock fell in response to the firm’s latest earnings on Thursday, but two analysts issued upgrades on Friday.



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