Estée Lauder Companies (NYSE:EL) Price Target Lowered to $55.00 at Citigroup

Estée Lauder Companies (NYSE:EL - Free Report) had its price objective decreased by Citigroup from $77.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Piper Sandler raised their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Finally, UBS Group lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, January 16th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $81.57.

Estée Lauder Companies Stock Performance

Shares of EL stock traded up $1.71 during trading hours on Monday, reaching $54.37. 6,344,045 shares of the company's stock were exchanged, compared to its average volume of 4,055,134. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. Estée Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $149.91. The business has a fifty day moving average price of $65.10 and a 200-day moving average price of $73.34. The stock has a market capitalization of $19.52 billion, a P/E ratio of -27.88, a P/E/G ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. Analysts predict that Estée Lauder Companies will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

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

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares in the company, 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. 12.78% of the stock is owned by company insiders.

Institutional Trading of Estée Lauder Companies

Hedge funds have recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new stake in Estée Lauder Companies in the fourth quarter worth approximately $29,000. Deseret Mutual Benefit Administrators boosted its position in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Estée Lauder Companies in the 4th quarter worth about $30,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Estée Lauder Companies by 42.1% during 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 during the last quarter. 55.15% of the stock is currently owned by institutional investors.

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.