Estee Lauder Companies Inc (EL) Receives $131.50 Consensus Target Price from Analysts

Shares of Estee Lauder Companies Inc (NYSE:EL) have been given an average recommendation of “Buy” by the twenty-six ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $131.50.

EL has been the topic of several recent analyst reports. Jefferies Group set a $140.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a report on Friday, December 1st. Deutsche Bank initiated coverage on shares of Estee Lauder Companies in a report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 target price on the stock. Macquarie boosted their target price on shares of Estee Lauder Companies from $1.45 to $1.50 and gave the company an “outperform” rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Wells Fargo boosted their price target on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th.

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In related news, insider John Demsey sold 77,608 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction of $9,896,572.16. Following the sale, the insider now directly owns 23,305 shares of the company’s stock, valued at approximately $2,971,853.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tracey Thomas Travis sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00. Following the sale, the chief financial officer now directly owns 24,467 shares in the company, valued at $3,352,468.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 248,453 shares of company stock worth $33,517,643. 16.24% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. First Republic Investment Management Inc. increased its position in shares of Estee Lauder Companies by 107.3% in the 3rd 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 last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Estee Lauder Companies by 7.3% in the 3rd 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 last quarter. Investec Asset Management LTD increased its position in shares of Estee Lauder Companies by 931.2% in the 3rd 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 last quarter. Hartford Investment Management Co. increased its position in shares of Estee Lauder Companies by 3.0% in the 3rd 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 last quarter. Finally, Convergence Investment Partners LLC increased its position in shares of Estee Lauder Companies by 5.0% in the 4th quarter. Convergence Investment Partners LLC now owns 23,185 shares of the company’s stock valued at $2,950,000 after purchasing an additional 1,096 shares during the last quarter. 54.10% of the stock is currently owned by institutional investors.

Estee Lauder Companies (NYSE:EL) opened at $145.86 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.74. The firm has a market cap of $53,794.60, a PE ratio of 35.25, a price-to-earnings-growth ratio of 2.59 and a beta of 0.69. Estee Lauder Companies has a fifty-two week low of $83.34 and a fifty-two week high of $147.70.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. Estee Lauder Companies’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS. equities research analysts predict that Estee Lauder Companies will post 4.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, February 27th. Estee Lauder Companies’s payout ratio is currently 52.78%.

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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.

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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