Estee Lauder Companies Inc (NYSE:EL) reached a new 52-week high on Monday after the company announced better than expected quarterly earnings. The stock traded as high as $198.75 and last traded at $195.90, with a volume of 928719 shares changing hands. The stock had previously closed at $179.22.

The company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.53 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share.

Several brokerages have recently issued reports on EL. Piper Jaffray Companies lifted their target price on shares of Estee Lauder Companies from $178.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Macquarie lifted their target price on shares of Estee Lauder Companies from $170.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Deutsche Bank reiterated a “buy” rating and issued a $221.00 target price (up previously from $202.00) on shares of Estee Lauder Companies in a research report on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and issued a $190.00 target price (up previously from $175.00) on shares of Estee Lauder Companies in a research report on Monday. Finally, Raymond James reiterated an “outperform” rating and issued a $216.00 target price (up previously from $181.00) on shares of Estee Lauder Companies in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. Estee Lauder Companies currently has an average rating of “Buy” and a consensus target price of $187.67.

Large investors have recently bought and sold shares of the company. Next Capital Management LLC purchased a new position in shares of Estee Lauder Companies in the second quarter worth about $25,000. Massey Quick Simon & CO. LLC lifted its stake in shares of Estee Lauder Companies by 387.9% in the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock worth $29,000 after buying an additional 128 shares in the last quarter. NuWave Investment Management LLC purchased a new position in shares of Estee Lauder Companies in the second quarter worth about $33,000. Meeder Asset Management Inc. purchased a new position in shares of Estee Lauder Companies in the second quarter worth about $34,000. Finally, Thor Advisors LLC purchased a new position in shares of Estee Lauder Companies in the first quarter worth about $37,000. 54.82% of the stock is currently owned by hedge funds and other institutional investors.

The company’s 50 day moving average price is $185.83 and its two-hundred day moving average price is $170.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. The stock has a market capitalization of $64.85 billion, a PE ratio of 44.83, a P/E/G ratio of 2.38 and a beta of 0.81.

About Estee Lauder Companies (NYSE:EL)

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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