Estée Lauder Companies (NYSE:EL) Price Target Raised to $91.00

Estée Lauder Companies (NYSE:EL - Free Report) had its price objective hoisted by Piper Sandler from $89.00 to $91.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

EL has been the topic of several other research reports. Hsbc Global Res downgraded shares of Estée Lauder Companies from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 16th. Royal Bank of Canada cut their target price on Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. StockNews.com lowered Estée Lauder Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Wells Fargo & Company downgraded shares of Estée Lauder Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Finally, Bank of America reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $96.41.

Estée Lauder Companies Trading Up 1.9 %

Shares of EL stock traded up $1.37 during trading hours on Monday, hitting $73.53. The company had a trading volume of 3,308,130 shares, compared to its average volume of 3,064,349. The stock has a market capitalization of $26.40 billion, a PE ratio of 131.30, a price-to-earnings-growth ratio of 5.33 and a beta of 1.02. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company's fifty day moving average is $73.32 and its 200 day moving average is $87.86.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm's revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Research analysts expect that Estée Lauder Companies will post 1.46 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies's payout ratio is 250.00%.

Insider Buying and Selling at Estée Lauder Companies

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

Institutional Trading of Estée Lauder Companies

Several institutional investors have recently made changes to their positions in the business. TD Asset Management Inc grew its holdings in shares of Estée Lauder Companies by 2.1% during the second quarter. TD Asset Management Inc now owns 103,134 shares of the company's stock worth $10,973,000 after purchasing an additional 2,118 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Estée Lauder Companies during the second quarter worth about $1,827,000. Wedbush Securities Inc. boosted its position in Estée Lauder Companies by 78.7% during the 2nd quarter. Wedbush Securities Inc. now owns 3,009 shares of the company's stock worth $320,000 after acquiring an additional 1,325 shares during the last quarter. Choreo LLC bought a new position in shares of Estée Lauder Companies during the 2nd quarter worth approximately $656,000. Finally, Freemont Management S.A. bought a new stake in shares of Estée Lauder Companies in the second quarter worth $894,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.