Sanford C. Bernstein Reaffirms “Outperform” Rating for Estee Lauder Companies (EL)

Sanford C. Bernstein reissued their outperform rating on shares of Estee Lauder Companies (NYSE:EL) in a research report released on Monday morning, The Fly reports. Sanford C. Bernstein currently has a $144.00 target price on the stock, up from their previous target price of $134.00.

Several other equities research analysts have also recently weighed in on EL. Bank of America boosted their price target on shares of Estee Lauder Companies from $115.00 to $122.00 and gave the stock a buy rating in a research report on Friday, October 13th. KeyCorp set a $115.00 price target on shares of Estee Lauder Companies and gave the stock a buy rating in a research report on Monday, October 16th. Stifel Nicolaus boosted their price target on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $115.00 price target on shares of Estee Lauder Companies and gave the stock a buy rating in a research report on Monday, October 23rd. Finally, Telsey Advisory Group boosted their price target on shares of Estee Lauder Companies from $120.00 to $125.00 and gave the stock an outperform rating in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of Buy and an average price target of $126.83.

Shares of Estee Lauder Companies (EL) opened at $132.41 on Monday. Estee Lauder Companies has a 1 year low of $81.69 and a 1 year high of $138.74. The firm has a market cap of $49,450.00, a price-to-earnings ratio of 46.63, a P/E/G ratio of 2.47 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the previous year, the business posted $1.22 earnings per share. Estee Lauder Companies’s quarterly revenue was up 16.7% on a year-over-year basis. analysts forecast that Estee Lauder Companies will post 4.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, February 27th. Estee Lauder Companies’s payout ratio is 52.78%.

In other news, insider Cedric Prouve sold 100,927 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $123.01, for a total transaction of $12,415,030.27. Following the completion of the sale, the insider now directly owns 227,119 shares of the company’s stock, valued at $27,937,908.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carl P. Haney sold 6,941 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $123.19, for a total transaction of $855,061.79. The disclosure for this sale can be found here. Insiders have sold 1,489,209 shares of company stock valued at $187,144,645 over the last ninety days. 16.24% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. First Republic Investment Management Inc. boosted its stake in shares of Estee Lauder Companies by 107.3% during the third quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock valued at $3,268,000 after purchasing an additional 15,684 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Estee Lauder Companies by 7.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock valued at $2,553,000 after purchasing an additional 1,600 shares during the period. Investec Asset Management LTD boosted its stake in shares of Estee Lauder Companies by 931.2% during the third quarter. Investec Asset Management LTD now owns 1,040,505 shares of the company’s stock valued at $112,208,000 after purchasing an additional 939,600 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Estee Lauder Companies by 3.0% during the third quarter. Hartford Investment Management Co. now owns 50,131 shares of the company’s stock valued at $5,406,000 after purchasing an additional 1,473 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Estee Lauder Companies by 519.4% during the third quarter. Cubist Systematic Strategies LLC now owns 28,592 shares of the company’s stock valued at $3,083,000 after purchasing an additional 23,976 shares during the period. 54.40% of the stock is owned by hedge funds and other institutional investors.

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About Estee Lauder Companies

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

The Fly

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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