Est�e Lauder Companies (NYSE:EL) had its price objective raised by Morgan Stanley from $147.00 to $160.00 in a research note released on Thursday morning. Morgan Stanley currently has an overweight rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Piper Jaffray reaffirmed a buy rating and issued a $145.00 target price on shares of Est�e Lauder Companies in a research report on Monday, February 5th. KeyCorp reaffirmed a buy rating and issued a $150.00 target price on shares of Est�e Lauder Companies in a research report on Friday, February 2nd. Jefferies Group set a $148.00 target price on shares of Est�e Lauder Companies and gave the stock a buy rating in a research report on Wednesday, January 17th. Zacks Investment Research raised shares of Est�e Lauder Companies from a hold rating to a buy rating and set a $147.00 target price for the company in a research report on Tuesday, January 9th. Finally, Wells Fargo reaffirmed a buy rating and issued a $150.00 target price on shares of Est�e Lauder Companies in a research report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $135.77.
Shares of Est�e Lauder Companies stock opened at $150.25 on Thursday. The firm has a market capitalization of $55,258.34, a price-to-earnings ratio of 43.30, a PEG ratio of 2.66 and a beta of 0.64. Est�e Lauder Companies has a 12-month low of $83.67 and a 12-month high of $153.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76.
Est�e Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.08. Est�e Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the company posted $1.22 EPS. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. research analysts expect that Est�e Lauder Companies will post 4.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. Est�e Lauder Companies’s dividend payout ratio (DPR) is currently 43.80%.
In other Est�e Lauder Companies news, EVP Gregory Polcer sold 40,797 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $150.00, for a total transaction of $6,119,550.00. Following the completion of the sale, the executive vice president now directly owns 110,706 shares in the company, valued at approximately $16,605,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Demsey sold 11,179 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $136.54, for a total transaction of $1,526,380.66. Following the sale, the insider now owns 23,898 shares of the company’s stock, valued at $3,263,032.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 211,642 shares of company stock valued at $29,740,621. 16.24% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Dowling & Yahnke LLC increased its stake in Est�e Lauder Companies by 4.4% during the 4th quarter. Dowling & Yahnke LLC now owns 9,377 shares of the company’s stock valued at $1,193,000 after purchasing an additional 393 shares in the last quarter. Wealthsource Partners LLC increased its stake in Est�e Lauder Companies by 13.0% during the 3rd quarter. Wealthsource Partners LLC now owns 3,493 shares of the company’s stock valued at $377,000 after purchasing an additional 401 shares in the last quarter. QS Investors LLC increased its stake in Est�e Lauder Companies by 2.6% during the 4th quarter. QS Investors LLC now owns 17,900 shares of the company’s stock valued at $2,278,000 after purchasing an additional 454 shares in the last quarter. Sandy Spring Bank increased its stake in Est�e Lauder Companies by 1.8% during the 4th quarter. Sandy Spring Bank now owns 26,581 shares of the company’s stock valued at $3,382,000 after purchasing an additional 480 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in Est�e Lauder Companies by 25.5% during the 4th quarter. Scotia Capital Inc. now owns 2,434 shares of the company’s stock valued at $310,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 54.13% of the company’s stock.
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Est�e Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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