JPMorgan Chase & Co. Issues Pessimistic Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL - Free Report) had its target price decreased by JPMorgan Chase & Co. from $72.00 to $61.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on the stock. DA Davidson restated a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Piper Sandler boosted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group decreased their price target on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Finally, Barclays cut their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $83.48.

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Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $1.20 on Friday, reaching $54.40. The company's stock had a trading volume of 2,754,078 shares, compared to its average volume of 4,029,018. Estée Lauder Companies has a twelve month low of $48.37 and a twelve month high of $149.91. The company has a market cap of $19.53 billion, a price-to-earnings ratio of -27.89, a PEG ratio of 6.09 and a beta of 1.10. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The business's fifty day moving average price is $65.96 and its 200 day moving average price is $74.10.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Equities analysts expect that Estée Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.57%. Estée Lauder Companies's payout ratio is -71.79%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors have recently bought and sold shares of EL. Peterson Wealth Services increased its stake in Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock worth $113,000 after acquiring an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. lifted its position in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after purchasing an additional 148 shares during the period. Smartleaf Asset Management LLC increased its holdings in Estée Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after buying an additional 158 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Company Profile

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.