Key PointsEstée Lauder's shares have been trading sideways since December.However, they have been accumulating several key analyst upgrades.The stock has barely eaten into the 70% selloff of recent years, but there are signs the recovery could soon begin in earnest. 5 stocks we like better than Estée Lauder CompaniesEstée Lauder Companies, Inc. NYSE: EL is among an increasingly smaller group of stocks that have yet to mount a serious comeback to recent selloffs. Having gained more than 200% from January 201 ...

The shares of Estee Lauder Companies Inc (NYSE:EL) are 0.9% higher to trade at $153.41 this morning, after Citi upgraded the luxury retailer to to "buy" from "neutral." While also hiking its price target by $15 to $175, the analyst in coverage cited normalizing channel inventories and financials.Over the last 12 months, Estee Lauder stock is down 37.3%, but is now up 6% in 2024, slightly underperforming the SPDR S&P 500 ETF Trust's (SPY) 8.8% gain. Stuck in a tight trading range since February, the shares a ...

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- Robbins LLP is investigating allegations that certain officers and directors of The Estee Lauder Companies Inc. (NYSE:EL) misled investors with unrealistic and materially false statements about market demand and its inventory levels. According to a class action complaint filed in December 2023 against Estee Lauder, the truth was revealed on May 3, 2023, when Estee Lauder issued a press release announcing weaker sales and profit for the year than estimated and cu ...

The beauty industry has been a source of some pretty gorgeous gains lately. As inflation begins to retreat, consumers may finally catch a break, with just a bit more disposable income in their products to spend on those nice-to-have discretionary items that bring them joy. When you combine luxury brands with beauty products, you may have the secret formula for the type of growth that’s helped mint one of the wealthiest men on the planet: Bernard Arnault, CEO of LVMH (OTCMKTS:LVMUY). The timeless brands back ...

The Estee Lauder Companies Inc. (EL) has a strong online business, which is proving to be a major growth driver. The beauty company has a strong presence in emerging markets, which insulates it from the macroeconomic headwinds in the matured markets. However, the company is bearing the brunt of a challenging macroeconomic environment.Let’s delve deeper.What’s Driving Growth?The Estee Lauder Companies boasts a strong online business. The company is implementing new technology and digital experiences, includi ...

SEOUL, SOUTH KOREA - February 01: Singer and actress IU attends Estée Lauder Korea 'Double Wear ... [+] Square' pop-up event at Plantlance Seongsu in Seongdong-gu on February 01, 2024 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)ImaZins via Getty ImagesEstée Lauder (NYSE: EL) reported upbeat Q2’24 results last month (the fiscal year ends in June). The company’s revenues stood at $4.3 billion and earnings came in at $0.88, well above the consensus estimates of $4.2 billion, an ...

A month has gone by since the last earnings report for Estee Lauder (EL) . Shares have added about 0.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Estee Lauder due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Estee Lauder Cuts FY24 Profit View Despite Q2 Earni ...

The Estee Lauder Companies Inc. (EL) is benefiting from a strong presence in emerging markets, where demand appears to be growing. The beauty company has a strong online business, which is proving to be a major growth driver. The company continues to operate in a challenging macroeconomic environment. Yet, management is on track to operationalize the Profit Recovery Plan.Let’s discuss this in detail.Solid Emerging Market PresenceThe Estee Lauder Companies generates significant revenues from emerging markets ...

NEW YORK--(BUSINESS WIRE)--Fabrizio Freda, President and Chief Executive Officer, and Jane Hertzmark Hudis, Executive Group President, of The Estée Lauder Companies Inc. (NYSE: EL) will participate in the UBS Global Consumer and Retail Conference in New York on Thursday, March 14, 2024, at 9:00 a.m. ET. Interested parties can access the live webcast of the fireside chat on Thursday, March 14th from 9:00 a.m. – 9:45 a.m. ET at http://www.elcompanies.com/investors. The webcast will be archived on the site. ...

"When I started at Balmain, I was dreaming about BALMAIN BEAUTY from the beginning," said Olivier Rousteing, Creative Director, Balmain. "Beauty has always been part of my life. It's the beginning of a new era and a new chapter we are all writing together." In September 2022, The Estée Lauder Companies Inc. (NYSE: EL) and Balmain announced a license agreement to collaboratively develop, produce, and distribute an innovative line of beauty products set to transform the luxury and beauty world. The BALMAIN BE ...