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EL

Estee Lauder

$179.26

3.89 (2.22%)

06:55
08/19/19
08/19
06:55
08/19/19
06:55

Estee Lauder sees 'strong consumer demand for high-quality products' in FY20

"The company continues to see strong consumer demand for its high-quality products and for the fiscal year expects to grow ahead of the industry and to continue building global share. The company expects global prestige beauty to grow approximately 6-7% during the fiscal year, assuming no additional geopolitical risk materializes. However, the company is mindful of risks related to social, economic and political issues, including geopolitical tensions, regulatory matters, global security issues, currency volatility and economic challenges that could affect consumer spending in certain countries and travel corridors. Given this environment, the company has reflected the following risks in its outlook: Continued softness of brick & mortar retail in the United States and United Kingdom impacting overall prestige beauty growth, especially in the makeup category. Costs associated with the anticipated Brexit in the United Kingdom. Escalation of trade tensions between the U.S. and China, increase of tariffs in China and the gradual moderation of net sales growth in China and travel retail from recent levels. The company has not experienced this moderation to date and continues to be optimistic about the strength of long-term growth in those areas. Protests in key shopping areas in Hong Kong." In addition, there will be no adjustments relating to ASC 606 as fiscal 2020 will be under the same basis of revenue recognition accounting as fiscal 2019."

  • 19

    Aug

EL Estee Lauder
$179.26

3.89 (2.22%)

06/25/19
OPCO
06/25/19
NO CHANGE
OPCO
Perform
Amazon entrance to likely continue to depress Sally's multiple, says Oppenheimer
Oppenheimer analyst Rupesh Parikh notes that Amazon (AMZN) Business announced the launch of the Amazon Professional Beauty store and that he spoke with Sally Beauty (SBH) management. Given the exclusivity the BSG side of the business has with key brands, the analyst think announcement would have a minimal nearer-term impact on Sally's business. Nonetheless, Parikh believes Amazon's entrance and interest in the category will likely continue to depress Sally Beauty's multiple to even lower levels until the company can demonstrate the ability to return to positive comp growth on a sustainable base. For now, Ulta Beauty (ULTA) and Estee Lauder (EL) remain his top beauty picks. The analyst has a Perform rating on Sally Beauty's shares.
07/19/19
STFL
07/19/19
NO CHANGE
Target $205
STFL
Buy
Estee Lauder price target raised to $205 from $180 at Stifel
Stifel analyst Mark Astrachan raised his price target on Estee Lauder to $205 from $180 after raising his FY20 and FY21 sales and EPS expectations. His deep dive on Estee Lauder's cost structure makes him believe long-term expectations for 50 basis points of yearly operating margin expansion is conservative and he also views long-term sales growth of 6%-8% as reasonable, Astrachan tells investors. He keeps a Buy rating on Estee Lauder shares.
08/12/19
PIPR
08/12/19
NO CHANGE
Target $187
PIPR
Overweight
Estee Lauder price target raised to $187 from $178 at Piper Jaffray
Piper Jaffray analyst Erinn Murphy raised her price target for Estee Lauder to $187 from $178 and keeps an Overweight rating on the shares. The analyst increased her Q4 estimates as she believes Estee can continue to gain share globally against the overall beauty category growing ~6%. For Q4, she expects outperformance to be driven by travel retail, skincare and China.
08/14/19
MACQ
08/14/19
NO CHANGE
Target $195
MACQ
Outperform
Estee Lauder expected to guide cautiously for FY20, says Macquarie
Macquarie analyst Caroline Levy said she believes Estee Lauder will report "solid" Q4 results on Monday, August 19, and she also expects the company to guide cautiously for FY20, following "its typical pattern." The analyst, who thinks Estee Lauder will set low expectations, and then likely over deliver, keeps an Outperform rating and $195 price target on the stock.

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