Estée Lauder Companies (NYSE:EL) Earns Market Perform Rating from Analysts at CICC Research

CICC Research began coverage on shares of Estée Lauder Companies (NYSE:EL - Free Report) in a research note issued to investors on Friday,Benzinga reports. The firm issued a market perform rating and a $82.00 price target on the stock.

A number of other equities research analysts have also weighed in on EL. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Morgan Stanley reduced their price objective on Estée Lauder Companies from $100.00 to $85.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Stifel Nicolaus cut Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Thursday, October 31st. Piper Sandler boosted their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. Finally, StockNews.com cut shares of Estée Lauder Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $97.82.

Estée Lauder Companies Stock Down 0.5 %

Shares of NYSE:EL traded down $0.38 during midday trading on Friday, reaching $74.62. The company's stock had a trading volume of 1,853,316 shares, compared to its average volume of 3,576,722. Estée Lauder Companies has a 12-month low of $62.29 and a 12-month high of $159.75. The firm has a market capitalization of $26.79 billion, a P/E ratio of 133.25, a PEG ratio of 5.33 and a beta of 1.05. The firm has a 50 day moving average of $74.73 and a 200-day moving average of $89.59. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.37 billion. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business's revenue was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that Estée Lauder Companies will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.88%. Estée Lauder Companies's payout ratio is 250.00%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares of the company's stock, valued at $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company's stock, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company's stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC purchased a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter worth $31,000. PARK CIRCLE Co purchased a new position in Estée Lauder Companies during the second quarter worth $32,000. Kimelman & Baird LLC bought a new position in Estée Lauder Companies during the second quarter valued at $32,000. Finally, Chilton Capital Management LLC raised its stake in shares of Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company's stock valued at $46,000 after acquiring an additional 168 shares during the period. Institutional investors own 55.15% of the company's stock.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.