Estee Lauder Companies (NYSE:EL) Stock Price Expected to Rise, Barclays Analyst Says

Estee Lauder Companies (NYSE:EL - Free Report) had its price target hoisted by Barclays from $63.00 to $84.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages also recently commented on EL. Canaccord Genuity Group decreased their price target on Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Piper Sandler reissued an "overweight" rating and issued a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Citigroup decreased their target price on Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. B. Riley reissued a "neutral" rating and issued a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Estee Lauder Companies has an average rating of "Hold" and a consensus target price of $82.50.

Estee Lauder Companies Stock Up 0.2%

Shares of EL stock traded up $0.20 during trading hours on Tuesday, reaching $86.76. The company had a trading volume of 999,163 shares, compared to its average volume of 4,299,837. Estee Lauder Companies has a 12 month low of $48.37 and a 12 month high of $103.44. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The business has a fifty day simple moving average of $74.34 and a 200-day simple moving average of $69.93. The company has a market cap of $31.21 billion, a price-to-earnings ratio of -35.79, a price-to-earnings-growth ratio of 6.17 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 for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the company earned $0.97 earnings per share. The company's revenue for the quarter was down 9.9% on a year-over-year basis. On average, research analysts expect that Estee Lauder Companies 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. Stockholders of record on Friday, May 30th were issued a $0.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 1.61%. Estee Lauder Companies's dividend payout ratio is currently -57.85%.

Institutional Investors Weigh In On Estee Lauder Companies

Several institutional investors have recently bought and sold shares of the stock. Ninety One SA PTY Ltd boosted its holdings in Estee Lauder Companies by 3.6% during the 2nd quarter. Ninety One SA PTY Ltd now owns 30,043 shares of the company's stock valued at $2,427,000 after acquiring an additional 1,033 shares during the period. LBP AM SA purchased a new position in Estee Lauder Companies during the 2nd quarter valued at about $2,601,000. Union Bancaire Privee UBP SA bought a new position in Estee Lauder Companies during the 2nd quarter valued at approximately $3,006,000. Chicago Capital LLC raised its position in Estee Lauder Companies by 43.1% during the 2nd quarter. Chicago Capital LLC now owns 11,080 shares of the company's stock valued at $895,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Greenleaf Trust bought a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $229,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Company Profile

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.