CIBC Reaffirms Outperform Rating for Estee Lauder Companies (EL)

CIBC restated their outperform rating on shares of Estee Lauder Companies (NYSE:EL) in a research report sent to investors on Tuesday, January 23rd. They currently have a $148.00 price objective on the stock, up from their prior price objective of $130.00.

Several other research analysts have also recently weighed in on EL. DA Davidson assumed coverage on Estee Lauder Companies in a research report on Wednesday, September 27th. They issued a neutral rating and a $115.00 price objective on the stock. Citigroup upped their price target on Estee Lauder Companies from $111.00 to $128.00 and gave the company a neutral rating in a research report on Thursday, November 2nd. Argus upped their price target on Estee Lauder Companies from $125.00 to $142.00 and gave the company a buy rating in a research report on Thursday, November 2nd. BMO Capital Markets upped their price target on Estee Lauder Companies from $107.00 to $126.00 and gave the company a market perform rating in a research report on Thursday, November 2nd. Finally, Telsey Advisory Group upped their price target on Estee Lauder Companies from $125.00 to $135.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $128.57.

Estee Lauder Companies (NYSE:EL) traded up $2.23 during midday trading on Tuesday, hitting $139.73. The stock had a trading volume of 1,690,000 shares, compared to its average volume of 1,880,000. Estee Lauder Companies has a 52-week low of $81.69 and a 52-week high of $139.99. The company has a market capitalization of $51,450.00, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. Estee Lauder Companies’s revenue was up 16.7% compared to the same quarter last year. equities analysts expect that Estee Lauder Companies will post 4.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.09%. Estee Lauder Companies’s dividend payout ratio is currently 52.78%.

In related news, insider John Demsey sold 11,179 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $136.54, for a total transaction of $1,526,380.66. Following the completion of the sale, the insider now directly owns 23,898 shares in the company, valued at approximately $3,263,032.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total value of $71,670,269.44. The disclosure for this sale can be found here. Insiders sold a total of 1,403,703 shares of company stock worth $176,910,444 over the last 90 days. Corporate insiders own 16.24% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in Estee Lauder Companies during the 4th quarter valued at about $126,000. Cerebellum GP LLC purchased a new stake in Estee Lauder Companies during the 4th quarter valued at about $130,000. Parkside Financial Bank & Trust boosted its holdings in Estee Lauder Companies by 126.1% during the 3rd 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 period. Winslow Evans & Crocker Inc. lifted its holdings in Estee Lauder Companies by 2,750.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after buying an additional 1,100 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in Estee Lauder Companies in the 4th quarter worth approximately $186,000. Institutional investors own 54.03% of the company’s stock.

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Estee Lauder Companies Company Profile

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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