The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) has received an average recommendation of "Hold" from the twenty-three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $93.55.
EL has been the subject of a number of research analyst reports. StockNews.com cut Estée Lauder Companies from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st. Morgan Stanley reduced their target price on Estée Lauder Companies from $100.00 to $85.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company increased their price target on Estée Lauder Companies from $72.00 to $74.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 7th. Barclays raised their price target on Estée Lauder Companies from $63.00 to $71.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Stifel Nicolaus downgraded shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a report on Thursday, October 31st.
View Our Latest Report on Estée Lauder Companies
Insider Activity
In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares in the company, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was 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. This represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company's stock.
Hedge Funds Weigh In On Estée Lauder Companies
A number of institutional investors and hedge funds have recently bought and sold shares of EL. MassMutual Private Wealth & Trust FSB grew its stake in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after purchasing an additional 141 shares during the period. Farther Finance Advisors LLC increased its position in Estée Lauder Companies by 30.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock valued at $64,000 after buying an additional 151 shares in the last quarter. Biltmore Family Office LLC raised its position in shares of Estée Lauder Companies by 7.8% during the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company's stock worth $237,000 after purchasing an additional 171 shares during the period. Cove Private Wealth LLC raised its holdings in Estée Lauder Companies by 7.1% during the third quarter. Cove Private Wealth LLC now owns 2,625 shares of the company's stock worth $262,000 after buying an additional 175 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in Estée Lauder Companies by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 8,001 shares of the company's stock valued at $798,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Stock Down 0.3 %
Shares of Estée Lauder Companies stock traded down $0.21 on Friday, reaching $77.86. 2,948,283 shares of the company were exchanged, compared to its average volume of 2,646,628. The company has a market capitalization of $27.95 billion, a price-to-earnings ratio of 139.04, a PEG ratio of 5.02 and a beta of 1.02. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a one year low of $62.29 and a one year high of $159.75. The company has a 50-day moving average of $73.76 and a 200 day moving average of $85.50.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The company's quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Estée Lauder Companies will post 1.48 earnings per share for the current year.
Estée Lauder Companies Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.80%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies's dividend payout ratio is currently 250.00%.
Estée Lauder Companies Company Profile
(
Get Free ReportThe 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.
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