Morgan Stanley downgraded shares of Estee Lauder Companies (NYSE:EL) from an overweight rating to an equal weight rating in a report published on Monday, MarketBeat reports. They currently have $153.00 price target on the stock.
EL has been the topic of several other research reports. Oppenheimer boosted their target price on shares of Estee Lauder Companies from $148.00 to $170.00 and gave the company an outperform rating in a report on Thursday, April 12th. Piper Jaffray Companies boosted their target price on shares of Estee Lauder Companies from $149.00 to $162.00 and gave the company an overweight rating in a report on Monday, June 18th. Zacks Investment Research lowered shares of Estee Lauder Companies from a buy rating to a hold rating in a report on Tuesday, March 27th. JPMorgan Chase & Co. set a $153.00 target price on shares of Estee Lauder Companies and gave the company a buy rating in a report on Thursday, May 3rd. Finally, ValuEngine upgraded shares of Estee Lauder Companies from a hold rating to a buy rating in a report on Thursday, March 1st. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $143.67.
Shares of Estee Lauder Companies opened at $145.62 on Monday, MarketBeat reports. The firm has a market cap of $56.13 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 2.50 and a beta of 0.64. The company has a current ratio of 1.82, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71. Estee Lauder Companies has a 52 week low of $93.45 and a 52 week high of $158.80.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.10. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.25 billion. Estee Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. Estee Lauder Companies’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. equities analysts anticipate that Estee Lauder Companies will post 4.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Thursday, May 31st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, May 30th. Estee Lauder Companies’s payout ratio is presently 43.80%.
In other Estee Lauder Companies news, EVP Gregory Polcer sold 40,797 shares of the company’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $150.00, for a total value of $6,119,550.00. Following the completion of the sale, the executive vice president now directly owns 110,706 shares of the company’s stock, valued at approximately $16,605,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.24% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Institutional & Family Asset Management LLC purchased a new position in Estee Lauder Companies in the first quarter valued at about $153,000. CNB Bank purchased a new position in Estee Lauder Companies in the fourth quarter valued at about $141,000. We Are One Seven LLC purchased a new position in Estee Lauder Companies in the fourth quarter valued at about $160,000. Captrust Financial Advisors purchased a new position in Estee Lauder Companies in the fourth quarter valued at about $186,000. Finally, Compton Capital Management Inc. RI purchased a new position in Estee Lauder Companies in the first quarter valued at about $220,000. 54.30% of the stock is owned by institutional investors and hedge funds.
About Estee Lauder Companies
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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