Estee Lauder offers its products under the Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, Bobbi Brown, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin, Smashbox, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr. Jart+, DECIEM and The Ordinary brands. The company sells its products through department stores, specialty-multi retailers, upscale perfumeries and pharmacies, and salons and spas, as well as its own and authorized retailer websites, third-party online malls, stores in airports and duty-free shops.
Estee Lauder stock comes with a 1.11% dividend. The $270 Jefferies price target is greater than the $251.20 consensus target and the $243.87 close on Wednesday.
Okta
While probably not a household name, this company could be a target of private equity. Okta Inc. (NASDAQ: OKTA) provides identity solutions for enterprises, small and medium-sized businesses, universities, nonprofits and government agencies in the United States and internationally.
The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications and data; Lifecycle Management that enables IT organizations or developers to manage a user’s identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure.
Okta stock has an $80 price target and Jefferies. The consensus target is $78.85, and shares closed at $67.94 on Wednesday.
Progressive
One business that never seems to struggle is insurance, and this is a leader in the industry. Progressive Corp. (NYSE: PGR) provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments.
Its Personal Lines segment writes insurance for personal autos and recreational vehicles. This segment’s products include personal auto insurance and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles and related products.
The Commercial Lines segment provides autoelated primary liability and physical damage insurance, and businesselated general liability and property insurance for autos, vans, pickup trucks and dump trucks used by small businesses; tractors, trailers and straight trucks primarily used by regional general freight and expeditor-type businesses and long-haul operators; dump trucks, log trucks and garbage trucks used by dirt, sand and gravel, logging and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis and black-car services.
The Property segment writes residential property insurance for homes, condos, manufactured homes, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services, and it acts as an agent to place business owner’s policies, general and professional liability, and workers’ compensation insurance. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on the internet through mobile devices and over the phone.
Shareholders receive a 0.31% dividend. The Jefferies price target is $146. The $127.57 consensus target is lower than the $129.12 close for Progressive stock on Wednesday.
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