Wall Street Zen upgraded shares of Estee Lauder Companies (NYSE:EL - Free Report) from a sell rating to a hold rating in a research note published on Friday morning.
EL has been the subject of several other reports. Wells Fargo & Company reduced their price target on Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Canaccord Genuity Group reduced 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. Citigroup reduced their price objective on Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays lifted their price objective on Estee Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $71.00 to $95.00 in a report on Monday, June 23rd. Sixteen analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus target price of $74.45.
Get Our Latest Stock Analysis on EL
Estee Lauder Companies Stock Up 1.6%
Estee Lauder Companies stock traded up $1.25 on Friday, hitting $80.28. 10,751,081 shares of the stock traded hands, compared to its average volume of 4,270,883. 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 firm has a market cap of $28.88 billion, a P/E ratio of -33.17, a price-to-earnings-growth ratio of 8.16 and a beta of 1.12. The business's fifty day simple moving average is $66.28 and its 200 day simple moving average is $68.90. Estee Lauder Companies has a 1 year low of $48.37 and a 1 year high of $110.19.
Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company's revenue for the quarter was down 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current 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 paid a dividend of $0.35 per share. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.74%. Estee Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in EL. Smartleaf Asset Management LLC lifted its holdings in Estee Lauder Companies by 47.4% in the 4th 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. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in 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 worth $33,000 after purchasing an additional 461 shares in the last quarter. Winthrop Capital Management LLC lifted its holdings in Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after purchasing an additional 560 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after purchasing an additional 359 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.
About Estee Lauder Companies
(
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.
Featured Stories
Before you consider Estee Lauder Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Estee Lauder Companies wasn't on the list.
While Estee Lauder Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
