Barclays Raises Estée Lauder Companies (NYSE:EL) Price Target to $63.00

Estée Lauder Companies (NYSE:EL - Free Report) had its target price lifted by Barclays from $56.00 to $63.00 in a research note released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

EL has been the topic of several other reports. DA Davidson reiterated a "buy" rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Citigroup decreased their price objective on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. B. Riley reissued a "neutral" rating and issued a $60.00 price objective (down from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Piper Sandler reissued an "overweight" rating and issued a $75.00 price objective (down from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $75.15.

Estée Lauder Companies Trading Down 2.5%

Shares of EL stock traded down $1.75 on Thursday, hitting $66.92. 4,617,461 shares of the stock traded hands, compared to its average volume of 4,122,573. The firm's 50-day moving average price is $60.33 and its two-hundred day moving average price is $68.82. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The stock has a market capitalization of $24.07 billion, a PE ratio of -34.32, a PEG ratio of 6.09 and a beta of 1.12. Estée Lauder Companies has a twelve month low of $48.37 and a twelve month high of $125.90.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. As a group, analysts anticipate that Estée Lauder Companies will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.09%. Estée Lauder Companies's payout ratio is presently -57.85%.

Hedge Funds Weigh In On Estée Lauder Companies

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Estée Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares in the last quarter. FMR LLC boosted its holdings in shares of Estée Lauder Companies by 163.8% during the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after acquiring an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP lifted its holdings in Estée Lauder Companies by 1.5% during the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company's stock worth $526,445,000 after buying an additional 118,276 shares during the period. Capital World Investors acquired a new position in Estée Lauder Companies during the 4th quarter worth about $554,509,000. Finally, Invesco Ltd. lifted its holdings in Estée Lauder Companies by 21.9% during the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock worth $440,998,000 after buying an additional 1,200,537 shares during the period. Institutional investors own 55.15% of the company's stock.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.