Estée Lauder Companies (NYSE:EL) Given New $60.00 Price Target at Wells Fargo & Company

Estée Lauder Companies (NYSE:EL - Free Report) had its price target decreased by Wells Fargo & Company from $70.00 to $60.00 in a research report sent to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also recently commented on EL. JPMorgan Chase & Co. decreased their target price on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Piper Sandler lifted their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut 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. Royal Bank of Canada restated an "outperform" rating and set a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Finally, Citigroup dropped their price target on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies currently has a consensus rating of "Hold" and a consensus price target of $81.57.

Estée Lauder Companies Stock Performance

Shares of EL stock traded up $1.71 on Wednesday, reaching $54.37. The stock had a trading volume of 6,344,045 shares, compared to its average volume of 4,048,212. The stock has a market cap of $19.52 billion, a P/E ratio of -27.88, a price-to-earnings-growth 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. Estée Lauder Companies has a 1 year low of $48.37 and a 1 year high of $149.91. The company has a 50 day simple moving average of $65.10 and a 200 day simple moving average of $73.34.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. The firm 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 business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. Equities research analysts expect that Estée Lauder Companies will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

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

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 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, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % 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 Trading of Estée Lauder Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Estée Lauder Companies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. FMR LLC boosted its position in Estée Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after buying an additional 8,930,011 shares during the period. Independent Franchise Partners LLP grew its stake in Estée Lauder Companies by 45.5% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after acquiring an additional 2,458,379 shares in the last quarter. Capital World Investors purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth approximately $554,509,000. Finally, Invesco Ltd. raised its stake in shares of Estée Lauder Companies by 148.9% during the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after acquiring an additional 3,278,632 shares in the last quarter. Hedge funds and other 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.