Estée Lauder Companies (NYSE:EL - Free Report) had its price objective trimmed by Wells Fargo & Company from $70.00 to $60.00 in a report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.
A number of other brokerages have also commented on EL. Piper Sandler boosted their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Barclays lowered their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus reduced their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Citigroup lowered their price target on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of "Hold" and an average target price of $81.57.
Check Out Our Latest Report on EL
Estée Lauder Companies Trading Down 2.0 %
NYSE:EL traded down $1.09 on Wednesday, reaching $53.38. The company's stock had a trading volume of 782,910 shares, compared to its average volume of 4,042,323. Estée Lauder Companies has a 1-year low of $48.37 and a 1-year high of $149.91. 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 firm has a market cap of $19.16 billion, a PE ratio of -27.37, a PEG ratio of 6.09 and a beta of 1.10. The business's 50-day moving average price is $65.10 and its two-hundred day moving average price is $73.02.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. Equities research analysts anticipate that Estée Lauder Companies will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is currently -71.79%.
Insider Buying and Selling at Estée Lauder Companies
In related news, CFO Akhil Shrivastava acquired 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 43,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.
Institutional Investors Weigh In On Estée Lauder Companies
Several large investors have recently modified their holdings of the company. Centre Asset Management LLC bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at $8,585,000. Franklin Resources Inc. lifted its stake in Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company's stock valued at $13,392,000 after acquiring an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC raised its holdings in shares of Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock valued at $771,000 after purchasing an additional 3,524 shares during the last quarter. Washington Capital Management Inc. bought a new position in shares of Estée Lauder Companies during the fourth quarter valued at about $352,000. Finally, Bank Pictet & Cie Europe AG boosted its holdings in Estée Lauder Companies by 5.4% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after purchasing an additional 4,690 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.
About Estée Lauder Companies
(
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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.
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