Shares of Estee Lauder Companies Inc (NYSE:EL) have been assigned an average recommendation of “Buy” from the twenty-seven research firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $114.88.
Several research analysts recently issued reports on the stock. Wells Fargo & Co increased their price target on shares of Estee Lauder Companies from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer reissued a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Estee Lauder Companies in a research report on Wednesday, September 20th. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a research report on Wednesday, December 13th. They issued a “hold” rating and a $134.00 price target for the company. Stifel Nicolaus increased 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. Finally, KeyCorp reissued an “overweight” rating and issued a $135.00 price target (up previously from $115.00) on shares of Estee Lauder Companies in a research report on Thursday, November 2nd. They noted that the move was a valuation call.
In other news, VP Sara E. Moss sold 4,236 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $121.62, for a total transaction of $515,182.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total transaction of $71,670,269.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,566,381 shares of company stock valued at $195,955,337. Company insiders own 16.24% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Acrospire Investment Management LLC grew its stake in shares of Estee Lauder Companies by 2,291.7% during the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Estee Lauder Companies by 126.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after acquiring an additional 633 shares during the last quarter. Sun Life Financial INC boosted its stake in Estee Lauder Companies by 16,290.0% in the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after acquiring an additional 1,629 shares during the last quarter. Zions Bancorporation boosted its stake in Estee Lauder Companies by 2,781.3% in the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Associated Banc Corp bought a new position in Estee Lauder Companies in the second quarter valued at approximately $202,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies (NYSE EL) traded up $0.61 during trading hours on Monday, reaching $130.23. 1,902,130 shares of the company traded hands, compared to its average volume of 1,610,000. Estee Lauder Companies has a 52-week low of $76.34 and a 52-week high of $131.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The firm has a market capitalization of $47,960.00, a price-to-earnings ratio of 35.20, a PEG ratio of 2.46 and a beta of 0.71.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. equities research analysts expect that Estee Lauder Companies will post 4.17 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.38 per share. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.17%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 41.08%.
COPYRIGHT VIOLATION NOTICE: “Estee Lauder Companies Inc (EL) Receives $113.84 Average Target Price from Brokerages” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/11/estee-lauder-companies-inc-el-receives-113-84-average-target-price-from-brokerages.html.
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.
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.