Shares of The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $86.77, but opened at $89.71. Estee Lauder Companies shares last traded at $87.69, with a volume of 628,082 shares changing hands.
Analyst Ratings Changes
EL has been the topic of several research reports. Hsbc Global Res upgraded Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. B. Riley reissued a "neutral" rating and issued a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Canaccord Genuity Group decreased their price objective 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. Wall Street Zen raised Estee Lauder Companies from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, UBS Group increased their price objective on Estee Lauder Companies from $62.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $84.50.
Check Out Our Latest Stock Analysis on EL
Estee Lauder Companies Stock Performance
The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The stock has a fifty day moving average price of $77.78 and a 200-day moving average price of $70.60. The firm has a market capitalization of $33.10 billion, a price-to-earnings ratio of -37.95, a PEG ratio of 6.47 and a beta of 1.17.
Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (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 analysts' expectations of $3.51 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. Estee Lauder Companies's quarterly revenue was down 9.9% compared to the same quarter last year. As a group, analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estee Lauder Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.
Institutional Trading of Estee Lauder Companies
A number of institutional investors have recently bought and sold shares of EL. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Estee Lauder Companies by 1,182.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after buying an additional 461 shares during the period. Winthrop Capital Management LLC grew its holdings in shares of Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after buying an additional 560 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Estee Lauder Companies by 246.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 478 shares of the company's stock valued at $39,000 after buying an additional 340 shares during the period. Golden State Wealth Management LLC grew its holdings 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. Finally, CVA Family Office LLC grew its holdings in shares of Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after buying an additional 359 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
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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