Estee Lauder Companies (NYSE:EL) had its price target boosted by UBS Group from $172.00 to $205.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.
Several other equities research analysts also recently weighed in on the stock. Piper Jaffray Companies boosted their target price on shares of Estee Lauder Companies from $178.00 to $187.00 and gave the stock an overweight rating in a research report on Monday, August 12th. Evercore ISI set a $190.00 price objective on shares of Estee Lauder Companies and gave the company a buy rating in a research report on Monday, August 12th. Deutsche Bank reaffirmed a buy rating and set a $221.00 price objective (up previously from $202.00) on shares of Estee Lauder Companies in a research report on Tuesday. DA Davidson downgraded shares of Estee Lauder Companies from a buy rating to a neutral rating and lowered their price objective for the company from $179.00 to $155.00 in a research report on Thursday, May 2nd. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $195.00 price objective (up previously from $190.00) on shares of Estee Lauder Companies in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $188.88.
EL opened at $197.15 on Tuesday. The company has a 50-day moving average of $186.80 and a 200-day moving average of $171.35. The company has a market capitalization of $71.34 billion, a P/E ratio of 36.92, 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 company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.57.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share 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 the consensus estimate of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, sell-side analysts expect that Estee Lauder Companies will post 5.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is 32.21%.
In other Estee Lauder Companies news, insider Hudis Jane Hertzmark sold 17,842 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $202.64, for a total value of $3,615,502.88. Following the completion of the transaction, the insider now owns 219,807 shares in the company, valued at approximately $44,541,690.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The disclosure for this sale can be found here. 16.13% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Estee Lauder Companies by 10.9% in the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock worth $2,897,086,000 after acquiring an additional 1,724,423 shares during the period. Vanguard Group Inc. lifted its stake in shares of Estee Lauder Companies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 17,300,612 shares of the company’s stock worth $3,167,915,000 after acquiring an additional 334,467 shares during the period. Jennison Associates LLC lifted its stake in shares of Estee Lauder Companies by 6.2% in the 1st quarter. Jennison Associates LLC now owns 7,412,572 shares of the company’s stock worth $1,227,151,000 after acquiring an additional 435,327 shares during the period. Edgewood Management LLC lifted its stake in shares of Estee Lauder Companies by 1.1% in the 2nd quarter. Edgewood Management LLC now owns 6,896,949 shares of the company’s stock worth $1,262,900,000 after acquiring an additional 71,860 shares during the period. Finally, Fundsmith LLP lifted its stake in shares of Estee Lauder Companies by 5.6% in the 1st quarter. Fundsmith LLP now owns 6,631,703 shares of the company’s stock worth $1,097,878,000 after acquiring an additional 349,306 shares during the period. Hedge funds and other institutional investors own 54.82% of the company’s stock.
About Estee Lauder Companies
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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