What's Going On With Cosmetics Company Estée Lauder Stock Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Should l Buy EL?
Source: Benzinga
Leadership Change at Estée Lauder: Estée Lauder Companies announced the appointment of Stéphane de La Faverie as the new President and CEO, effective January 1, 2025, succeeding Fabrizio Freda, who is retiring after over sixteen years.
Stock Performance: EL shares are down 31% over the past year and traded lower by 0.98% to $87.88 ahead of the company's fiscal 2025 first-quarter results set for release on October 31, 2024.
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Analyst Views on EL
Wall Street analysts forecast EL stock price to rise
18 Analyst Rating
8 Buy
9 Hold
1 Sell
Moderate Buy
Current: 105.390
Low
70.00
Averages
106.76
High
130.00
Current: 105.390
Low
70.00
Averages
106.76
High
130.00
About EL
The Estee Lauder Companies Inc. is a manufacturer, marketer and seller of skin care, makeup, fragrance and hair care products. Its product categories include skin care, makeup, fragrance, hair care and others. Its products are sold in approximately 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Lab Series, Origins, M.A.C, Bobbi Brown Cosmetics, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD. It is a licensee for fragrances, cosmetics and/or related products for AERIN, BALMAIN, and Dr. Andrew Weil. Its skin care products include moisturizers, serums, cleansers, toners, exfoliators, facial masks, body care, sun care products and others. Its makeup products include lipsticks, lip glosses, mascaras, foundations and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- CPI Expectations: The consumer price index, set to be released at 8:30 a.m. ET on Friday, is expected to show a month-over-month increase of 0.3% and a year-over-year rise of 2.5%, which could significantly influence market sentiment and lead investors to reassess their risk appetite.
- Moderna Stock Fluctuations: Moderna's shares have surged 50% over the past three months, closing at $40.11 on Thursday, although this remains significantly lower than the pandemic peak of $497, indicating ongoing volatility in biotech stocks that investors are closely monitoring.
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- Retail Sector Dynamics: The Amplify Online Retail ETF dropped nearly 4% on Thursday, now down 19.5% from its September high, reflecting weakness in the retail market, especially after experiencing five consecutive weeks of declines, which could negatively affect overall consumer confidence.
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Investigation into Estee Lauder's Corporate Governance Breaches
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of The Estee Lauder Companies, Inc. breached their fiduciary duties, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of Estee Lauder may seek corporate governance reforms, fund returns, or court-approved financial incentives, aimed at enhancing transparency and accountability within the company.
- Importance of Participation: Shareholder involvement can improve company policies and oversight mechanisms, thereby enhancing shareholder value and ensuring more effective management of the organization.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingency fee basis, meaning shareholders will not incur out-of-pocket legal expenses, thus reducing the financial burden of participating in the rights enforcement process.
See More
US Jobs Report and Market Dynamics
- Job Data Expectations: The Bureau of Labor Statistics is set to release January's nonfarm payroll report at 8:30 AM ET, with expectations of 55,000 new jobs, slightly above December's 50,000, yet economists predict weak growth, which could dampen market confidence.
- Ford's Earnings Miss: Ford reported its worst quarterly earnings miss in four years, with adjusted EPS of 13 cents, significantly below the expected 19 cents due to unexpected $900 million tariff costs and a fire at an aluminum plant, but forecasts a rebound in 2026 to restore investor confidence.
- Moderna Vaccine Application Rejected: Shares of Moderna fell over 10% after the FDA refused to review its flu vaccine application, highlighting tightening vaccine regulations despite no specific safety or efficacy issues cited, which may impact the company's market performance.
- Estée Lauder Sues Walmart: Estée Lauder is suing Walmart for selling counterfeit beauty products on its online marketplace, alleging Walmart facilitated these sales, which could negatively affect Walmart's brand image and sales performance.
See More
U.S. Nonfarm Payrolls Report Preview
- Employment Data Release: The Bureau of Labor Statistics is set to release January's nonfarm payrolls report at 8:30 AM ET, with expectations of a modest increase of 55,000 jobs, slightly above December's 50,000, indicating signs of economic stagnation.
- Ford Earnings Miss: Ford reported its fourth-quarter adjusted earnings per share at 13 cents, significantly below Wall Street's expectation of 19 cents, primarily due to unexpected tariff costs of $900 million and a fire at an aluminum plant, with a rebound year forecasted for 2026.
- Moderna Vaccine Application Denied: Shares of Moderna fell over 10% after the FDA refused to review its application for an experimental flu shot, with the company arguing that the FDA's refusal contradicted previous guidance without citing specific safety or efficacy concerns.
- Estée Lauder Sues Walmart: Estée Lauder has filed a lawsuit against Walmart, alleging the retailer sold counterfeit beauty products on its online marketplace, claiming that the items purchased were fake and highlighting the potential harm to consumers.
See More
Estée Lauder Sues Walmart Over Counterfeit Sales
- Lawsuit Background: Estée Lauder (EL) is suing Walmart (WMT) for selling counterfeit licensed products, alleging that Walmart failed to ensure only authorized and authentic products were available, which has harmed the brand's reputation.
- Scope of Counterfeits: The lawsuit claims that third parties on Walmart's website sold counterfeit versions of La Mer, Le Labo, Clinique, Aveda, and Tom Ford products, and although Walmart did not sell these products directly, its actions are accused of facilitating these sales.
- Trademark Usage Controversy: Estée Lauder alleges that Walmart allowed third parties to use its trademarks in search engines, enabling Walmart to profit from counterfeit sales, highlighting Walmart's negligence in vetting third-party sellers.
- Legal Demands: Estée Lauder is seeking a court order to stop Walmart from selling products bearing its trademarks, along with monetary damages and compensation for legal fees, demonstrating its strong commitment to brand protection.
See More
Estee Lauder Sues Walmart Over Counterfeit Products
- Lawsuit Background: Estee Lauder has filed a lawsuit against Walmart in California federal court, alleging that the retailer sold counterfeit beauty products on its website and failed to ensure that consumers could only purchase authorized and authentic merchandise, potentially damaging its brand image.
- List of Counterfeit Products: The lawsuit cites counterfeit items including Estee Lauder's Advanced Night Repair serum and Clinique eye cream, highlighting vulnerabilities in Walmart's management of third-party sellers, which could undermine consumer trust.
- Market Strategy Risks: Walmart's online marketplace strategy aims to accelerate profit growth, but the presence of counterfeit products may expose the company to legal liabilities and harm its brand reputation, particularly in the context of competition with Amazon.
- Legislative Challenges: Despite the existence of the Shop Safe Act aimed at curbing counterfeit goods on online marketplaces, the bill has failed to pass multiple times due to lobbying by Walmart and other platforms, reflecting the difficulties brands face in holding platforms accountable.
See More
Market Update: S&P 500 Declines and Upcoming CPI Data
- CPI Expectations: The consumer price index, set to be released at 8:30 a.m. ET on Friday, is expected to show a month-over-month increase of 0.3% and a year-over-year rise of 2.5%, which could significantly influence market sentiment and lead investors to reassess their risk appetite.
- Moderna Stock Fluctuations: Moderna's shares have surged 50% over the past three months, closing at $40.11 on Thursday, although this remains significantly lower than the pandemic peak of $497, indicating ongoing volatility in biotech stocks that investors are closely monitoring.
- Wendy's Stock Decline: Wendy's shares fell 7.7% on Thursday, down 55% from their 52-week high, highlighting the persistent pressures facing the fast-food industry, which may impact its future market performance.
- Retail Sector Dynamics: The Amplify Online Retail ETF dropped nearly 4% on Thursday, now down 19.5% from its September high, reflecting weakness in the retail market, especially after experiencing five consecutive weeks of declines, which could negatively affect overall consumer confidence.
See More
Investigation into Estee Lauder's Corporate Governance Breaches
- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers and directors of The Estee Lauder Companies, Inc. breached their fiduciary duties, potentially impacting corporate governance and shareholder rights.
- Legal Relief Options: Long-term shareholders of Estee Lauder may seek corporate governance reforms, fund returns, or court-approved financial incentives, aimed at enhancing transparency and accountability within the company.
- Importance of Participation: Shareholder involvement can improve company policies and oversight mechanisms, thereby enhancing shareholder value and ensuring more effective management of the organization.
- Legal Fee Arrangement: Halper Sadeh LLC will handle the case on a contingency fee basis, meaning shareholders will not incur out-of-pocket legal expenses, thus reducing the financial burden of participating in the rights enforcement process.
See More
US Jobs Report and Market Dynamics
- Job Data Expectations: The Bureau of Labor Statistics is set to release January's nonfarm payroll report at 8:30 AM ET, with expectations of 55,000 new jobs, slightly above December's 50,000, yet economists predict weak growth, which could dampen market confidence.
- Ford's Earnings Miss: Ford reported its worst quarterly earnings miss in four years, with adjusted EPS of 13 cents, significantly below the expected 19 cents due to unexpected $900 million tariff costs and a fire at an aluminum plant, but forecasts a rebound in 2026 to restore investor confidence.
- Moderna Vaccine Application Rejected: Shares of Moderna fell over 10% after the FDA refused to review its flu vaccine application, highlighting tightening vaccine regulations despite no specific safety or efficacy issues cited, which may impact the company's market performance.
- Estée Lauder Sues Walmart: Estée Lauder is suing Walmart for selling counterfeit beauty products on its online marketplace, alleging Walmart facilitated these sales, which could negatively affect Walmart's brand image and sales performance.
See More
U.S. Nonfarm Payrolls Report Preview
- Employment Data Release: The Bureau of Labor Statistics is set to release January's nonfarm payrolls report at 8:30 AM ET, with expectations of a modest increase of 55,000 jobs, slightly above December's 50,000, indicating signs of economic stagnation.
- Ford Earnings Miss: Ford reported its fourth-quarter adjusted earnings per share at 13 cents, significantly below Wall Street's expectation of 19 cents, primarily due to unexpected tariff costs of $900 million and a fire at an aluminum plant, with a rebound year forecasted for 2026.
- Moderna Vaccine Application Denied: Shares of Moderna fell over 10% after the FDA refused to review its application for an experimental flu shot, with the company arguing that the FDA's refusal contradicted previous guidance without citing specific safety or efficacy concerns.
- Estée Lauder Sues Walmart: Estée Lauder has filed a lawsuit against Walmart, alleging the retailer sold counterfeit beauty products on its online marketplace, claiming that the items purchased were fake and highlighting the potential harm to consumers.
See More
Estée Lauder Sues Walmart Over Counterfeit Sales
- Lawsuit Background: Estée Lauder (EL) is suing Walmart (WMT) for selling counterfeit licensed products, alleging that Walmart failed to ensure only authorized and authentic products were available, which has harmed the brand's reputation.
- Scope of Counterfeits: The lawsuit claims that third parties on Walmart's website sold counterfeit versions of La Mer, Le Labo, Clinique, Aveda, and Tom Ford products, and although Walmart did not sell these products directly, its actions are accused of facilitating these sales.
- Trademark Usage Controversy: Estée Lauder alleges that Walmart allowed third parties to use its trademarks in search engines, enabling Walmart to profit from counterfeit sales, highlighting Walmart's negligence in vetting third-party sellers.
- Legal Demands: Estée Lauder is seeking a court order to stop Walmart from selling products bearing its trademarks, along with monetary damages and compensation for legal fees, demonstrating its strong commitment to brand protection.
See More
Estee Lauder Sues Walmart Over Counterfeit Products
- Lawsuit Background: Estee Lauder has filed a lawsuit against Walmart in California federal court, alleging that the retailer sold counterfeit beauty products on its website and failed to ensure that consumers could only purchase authorized and authentic merchandise, potentially damaging its brand image.
- List of Counterfeit Products: The lawsuit cites counterfeit items including Estee Lauder's Advanced Night Repair serum and Clinique eye cream, highlighting vulnerabilities in Walmart's management of third-party sellers, which could undermine consumer trust.
- Market Strategy Risks: Walmart's online marketplace strategy aims to accelerate profit growth, but the presence of counterfeit products may expose the company to legal liabilities and harm its brand reputation, particularly in the context of competition with Amazon.
- Legislative Challenges: Despite the existence of the Shop Safe Act aimed at curbing counterfeit goods on online marketplaces, the bill has failed to pass multiple times due to lobbying by Walmart and other platforms, reflecting the difficulties brands face in holding platforms accountable.
See More
