DA Davidson reaffirmed their buy rating on shares of Estée Lauder Companies (NYSE:EL - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $130.00 price objective on the stock.
EL has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Estée Lauder Companies from $129.00 to $105.00 and set an overweight rating for the company in a research note on Tuesday, August 20th. Piper Sandler raised Estée Lauder Companies from a neutral rating to an overweight rating and boosted their target price for the stock from $95.00 to $114.00 in a research report on Thursday, August 22nd. Barclays cut their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an equal weight rating on the stock in a report on Friday, July 19th. Evercore ISI cut their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an outperform rating on the stock in a report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Estée Lauder Companies from $108.00 to $105.00 and set a hold rating on the stock in a research note on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $122.77.
Check Out Our Latest Report on Estée Lauder Companies
Estée Lauder Companies Stock Down 0.5 %
EL traded down $0.48 on Wednesday, reaching $92.39. The company's stock had a trading volume of 2,872,887 shares, compared to its average volume of 3,073,211. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The business's 50 day moving average is $100.07 and its 200 day moving average is $125.16. The stock has a market cap of $33.13 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. Estée Lauder Companies has a 1 year low of $86.05 and a 1 year high of $165.76.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the business earned $0.07 EPS. The firm's revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Estée Lauder Companies will post 2.21 EPS for the current fiscal year.
Estée Lauder Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies's dividend payout ratio (DPR) is presently 148.31%.
Insider Transactions at Estée Lauder Companies
In other news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Charlene Barshefsky sold 3,437 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company's stock, valued at $4,578,114. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares of the company's stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,303 shares of company stock worth $2,496,096. 12.77% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Estée Lauder Companies
Several institutional investors have recently bought and sold shares of EL. Wetzel Investment Advisors Inc. grew its stake in shares of Estée Lauder Companies by 8.3% during the first quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company's stock worth $128,000 after purchasing an additional 68 shares during the period. Tradewinds Capital Management LLC grew its holdings in Estée Lauder Companies by 34.1% during the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company's stock valued at $45,000 after purchasing an additional 75 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Estée Lauder Companies by 0.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company's stock worth $2,440,000 after purchasing an additional 76 shares during the period. Haverford Trust Co grew its holdings in shares of Estée Lauder Companies by 2.3% in the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company's stock valued at $525,000 after buying an additional 78 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company's stock valued at $62,000 after buying an additional 82 shares in the last quarter. Institutional investors own 55.15% of the company's stock.
About Estée Lauder Companies
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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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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