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Estee Lauder Companies Inc. (NYSE:EL), the $32 billion beauty products giant, reported two upcoming changes to its board of directors, according to a statement released Tuesday and based on a recent SEC filing. According to InvestingPro data, the company maintains a FAIR financial health score, having maintained dividend payments for 30 consecutive years.
On July 9, Lynn Forester de Rothschild informed the company that she will not stand for re-election as a Class II director at the 2025 Annual Meeting of Stockholders. Lady de Rothschild, who has served on the board since 2000 and is a member of the Nominating and ESG Committee, will continue in her role until her current term expires at the annual meeting. The company stated that her decision is not due to any disagreements with Estee Lauder regarding its operations, policies, or practices. The company’s stock has shown strong momentum recently, with a 21% return over the past six months.
Also on July 9, Angela Wei Dong, a Class III director since 2022 and a member of the Audit Committee, notified Estee Lauder of her intention to retire from the board, effective the day before the 2025 Annual Meeting. The company indicated that Ms. Dong’s decision is likewise not due to any disagreements with the company on operational or policy matters.
Both directors will serve out their current terms until the 2025 Annual Meeting of Stockholders, at which point their departures will take effect.
This information is based on a press release statement included in an SEC Form 8-K filing.
In other recent news, Estee Lauder has been the subject of several analyst upgrades and strategic developments. The company has been upgraded to a Buy rating by both HSBC and Deutsche Bank (ETR:DBKGn), with new price targets set at $99 and $95, respectively. HSBC’s upgrade is based on anticipated earnings growth driven by cost-cutting and reorganization, while Deutsche Bank highlights Estee Lauder’s successful diversification strategy beyond China. BofA Securities also resumed coverage with a Buy rating, citing confidence in the company’s "Beauty Reimagined" recovery plan and projecting significant margin expansion by 2027. Evercore ISI raised its price target to $100, noting improved market share in China and the United States and expressing confidence in future earnings per share estimates.
Additionally, Estee Lauder has expanded its online presence by launching in the Amazon.ca Premium Beauty store, making its products more accessible to Canadian customers. This follows the brand’s debut on Amazon.com (NASDAQ:AMZN) in Fall 2024, marking a significant milestone for its Canadian operations. The expansion aims to leverage Estee Lauder’s strong brand portfolio, including popular products like the Advanced Night Repair Serum and Double Wear Stay-In-Place foundation. These recent developments reflect Estee Lauder’s strategic efforts to enhance growth and profitability.
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