Estee Lauder Companies Inc (NYSE:EL) has earned an average recommendation of “Buy” from the twenty-five analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $149.92.
A number of research firms have recently weighed in on EL. Zacks Investment Research cut Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a report on Monday, October 1st. JPMorgan Chase & Co. downgraded Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $138.00 price target for the company. in a research report on Friday, October 12th. Citigroup raised Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Stifel Nicolaus decreased their target price on Estee Lauder Companies from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 15th. Finally, Atlantic Securities assumed coverage on Estee Lauder Companies in a research report on Thursday, September 20th. They issued an “overweight” rating and a $162.00 target price for the company.
Shares of NYSE EL opened at $125.94 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.28 and a debt-to-equity ratio of 0.76. Estee Lauder Companies has a fifty-two week low of $121.47 and a fifty-two week high of $158.80. The stock has a market cap of $46.38 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, October 31st. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.19. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the business posted $1.21 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that Estee Lauder Companies will post 4.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Friday, November 30th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, November 29th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a dividend yield of 1.37%. Estee Lauder Companies’s payout ratio is currently 38.14%.
In other news, EVP Michael O’hare sold 3,575 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $140.58, for a total transaction of $502,573.50. Following the completion of the sale, the executive vice president now owns 7,645 shares of the company’s stock, valued at approximately $1,074,734.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg sold 13,759 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $152.54, for a total transaction of $2,098,797.86. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,191,795.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 315,510 shares of company stock worth $44,856,835. 16.13% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Highwater Wealth Management LLC acquired a new stake in Estee Lauder Companies in the fourth quarter worth $89,000. NEXT Financial Group Inc purchased a new position in shares of Estee Lauder Companies in the third quarter worth about $108,000. Amussen Hunsaker Associates LLC purchased a new position in shares of Estee Lauder Companies in the second quarter worth about $112,000. Itau Unibanco Holding S.A. increased its stake in shares of Estee Lauder Companies by 400.6% in the second quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock worth $114,000 after purchasing an additional 637 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in shares of Estee Lauder Companies in the third quarter worth about $145,000. Institutional investors own 54.42% of the company’s stock.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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