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: 98.710
Low
70.00
Averages
106.76
High
130.00
Current: 98.710
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 products are sold in over 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, and BALMAIN Beauty. 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 foundations, powders, concealers and setting sprays, lipsticks, lip liners and lip glosses, and mascaras, eyeshadows and eyeliners.
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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- Market Potential: Forest Essentials ranks as the top skincare brand in India, with projected low double-digit net sales growth, and combined with Estée Lauder's brand portfolio, this will position India as the company's largest emerging market, further solidifying its global beauty market presence.
- Brand Preservation: Under the leadership of founder Mira Kulkarni, Forest Essentials will continue to operate from its headquarters in New Delhi, maintaining its fully integrated operational ecosystem that ensures a perfect blend of Ayurveda tradition and modernity, driving sustainable growth.
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- Brand Value Enhancement: Grounded in modern luxurious Ayurveda, Forest Essentials is forecasted to achieve low double-digit sales growth, and combined with Estée Lauder's brand portfolio, this will make India its largest emerging market, enhancing the company's competitiveness in the global beauty sector.
- Sustainable Operating Model: Under the leadership of founder Mira Kulkarni, Forest Essentials will continue to operate from its headquarters in New Delhi, maintaining a fully integrated operational ecosystem in India that includes R&D, botanical sourcing, and in-house manufacturing, ensuring innovation and sustainability.
- Global Expansion Strategy: Through its partnership with Estée Lauder, Forest Essentials will leverage global brand-building capabilities and distribution networks to drive long-term sustainable growth while preserving the brand's Ayurvedic heritage and Indian cultural roots, expanding its reach in global markets.
See More
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- Acquisition Deal: Estée Lauder has agreed to acquire the remaining stake in Indian luxury brand Forest Essentials, with financial terms undisclosed, and the transaction is expected to close in the second half of 2026, further solidifying their long-standing partnership that began in 2008.
- Growth Expectations: Forest Essentials is projected to achieve low double-digit net sales growth, which will add new momentum to Estée Lauder's product portfolio, particularly in the rapidly growing luxury beauty market.
- Brand Operations: Forest Essentials will continue to operate from its headquarters in New Delhi, maintaining its integrated ecosystem of research and development, local botanical sourcing, and in-house manufacturing in India, ensuring brand localization and sustainability.
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- Strategic Acquisition: Estée Lauder announced its agreement to acquire the remaining shares of Indian beauty brand Forest Essentials, with the transaction expected to close in the second half of 2026, marking a deepening of their 18-year partnership and demonstrating Estée Lauder's long-term commitment and confidence in the brand.
- Market Potential: Forest Essentials ranks as the top skincare brand in India, with projected low double-digit net sales growth, and combined with Estée Lauder's brand portfolio, this will position India as the company's largest emerging market, further solidifying its global beauty market presence.
- Brand Preservation: Under the leadership of founder Mira Kulkarni, Forest Essentials will continue to operate from its headquarters in New Delhi, maintaining its fully integrated operational ecosystem that ensures a perfect blend of Ayurveda tradition and modernity, driving sustainable growth.
- Social Investment: Estée Lauder has dedicated over $14 million to social investments in India, focusing on health, education, and leadership, which further strengthens its leadership position in the Indian market while promoting Indian innovation on a global scale.
See More
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- Merchandise Strategy Overhaul: Target plans to revamp its merchandise strategy over the next year, expecting net sales to rise about 2% compared to last year, addressing the challenge of four consecutive quarters of declining customer traffic.
- Fresh Food Expansion: The company will expand the square footage dedicated to fresh foods, planning to double the space in over half of its remodeled stores, aiming to attract more customers for one-stop shopping.
- Beauty Product Upgrade: Target will launch a 'Beauty Studio' in over 600 stores, replacing its partnership with Ulta Beauty, focusing on prestige beauty brands to attract younger consumers and boost sales.
- Home Goods Reconstruction: With home goods sales declining nearly 7% year-over-year, Target plans to rebuild the display area for these products over the next few years, expecting to redesign 75% of its home decor items to regain market competitiveness.
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- Consumer Confidence Erosion: Analysts emphasize that luxury demand relies heavily on positive consumer confidence, and the current conflict and uncertainty could dampen luxury consumption in the short term, leading to poor overall industry performance.
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