The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) shares were up 7.8% during mid-day trading on Monday . The company traded as high as $72.75 and last traded at $72.56. Approximately 1,940,618 shares traded hands during trading, a decline of 53% from the average daily volume of 4,143,595 shares. The stock had previously closed at $67.31.
Wall Street Analysts Forecast Growth
EL has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Canaccord Genuity Group reduced their price target on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Barclays raised their price objective on Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Wall Street Zen downgraded Estee Lauder Companies from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, B. Riley reissued a "neutral" rating and issued a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Estee Lauder Companies presently has an average rating of "Hold" and an average target price of $75.15.
Check Out Our Latest Research Report on EL
Estee Lauder Companies Trading Down 0.1%
The stock has a market capitalization of $26.87 billion, a PE ratio of -30.86, a P/E/G ratio of 9.33 and a beta of 1.12. The company's 50 day moving average price is $63.45 and its two-hundred day moving average price is $68.97. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.
Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. Estee Lauder Companies's quarterly revenue was down 9.9% on a year-over-year basis. As a group, analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.
Estee Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is -57.85%.
Institutional Investors Weigh In On Estee Lauder Companies
A number of institutional investors have recently modified their holdings of EL. Deseret Mutual Benefit Administrators boosted its holdings in Estee Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock worth $33,000 after purchasing an additional 461 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Estee Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Winthrop Capital Management LLC boosted its stake in shares of Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after purchasing an additional 560 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after buying an additional 228 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies Company Profile
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Get Free Report)
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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