Estee Lauder Companies (NYSE:EL) had its price target boosted by Stifel Nicolaus from $205.00 to $210.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a buy rating on the stock.
Several other equities analysts have also issued reports on the company. Piper Jaffray Companies boosted their target price on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an overweight rating in a research report on Monday, August 12th. DA Davidson lowered Estee Lauder Companies from a buy rating to a neutral rating and decreased their target price for the stock from $179.00 to $155.00 in a research report on Thursday, May 2nd. Citigroup boosted their target price on Estee Lauder Companies from $197.00 to $231.00 and gave the stock a buy rating in a research report on Tuesday. Raymond James restated an outperform rating and set a $216.00 target price (up from $181.00) on shares of Estee Lauder Companies in a research report on Tuesday. Finally, Wells Fargo & Co boosted their price objective on Estee Lauder Companies from $175.00 to $190.00 and gave the company a market perform rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $188.88.
Estee Lauder Companies stock opened at $197.15 on Tuesday. The firm has a market capitalization of $73.72 billion, a P/E ratio of 38.15, a PEG ratio of 2.61 and a beta of 0.81. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $206.00. The business has a 50-day moving average of $186.80 and a 200-day moving average of $171.35. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.53 billion. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Research analysts anticipate that Estee Lauder Companies will post 5.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.43 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.72 annualized dividend and a dividend yield of 0.87%. Estee Lauder Companies’s dividend payout ratio is presently 32.21%.
In other Estee Lauder Companies news, insider Hudis Jane Hertzmark sold 17,842 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $202.64, for a total transaction of $3,615,502.88. Following the completion of the transaction, the insider now owns 219,807 shares of the company’s stock, valued at approximately $44,541,690.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total value of $1,346,578.24. The disclosure for this sale can be found here. 16.13% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in EL. Next Capital Management LLC acquired a new position in Estee Lauder Companies during the 2nd quarter worth approximately $25,000. Massey Quick Simon & CO. LLC boosted its position in Estee Lauder Companies by 387.9% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock worth $29,000 after acquiring an additional 128 shares during the last quarter. NuWave Investment Management LLC acquired a new position in Estee Lauder Companies during the 2nd quarter worth approximately $33,000. Meeder Asset Management Inc. acquired a new position in Estee Lauder Companies during the 2nd quarter worth approximately $34,000. Finally, Thor Advisors LLC acquired a new position in Estee Lauder Companies during the 1st quarter worth approximately $37,000. 54.82% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies Company Profile
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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