Estée Lauder Companies (NYSE:EL - Free Report) had its price target increased by DA Davidson from $179.00 to $191.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.
EL has been the topic of several other research reports. Telsey Advisory Group lifted their price target on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a market perform rating in a report on Tuesday, February 6th. StockNews.com cut shares of Estée Lauder Companies from a hold rating to a sell rating in a report on Wednesday, February 14th. Raymond James lifted their price target on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a strong-buy rating in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft cut shares of Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price target on the stock. in a report on Tuesday, January 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $168.00.
Check Out Our Latest Stock Analysis on Estée Lauder Companies
Estée Lauder Companies Trading Down 1.1 %
Shares of NYSE EL traded down $1.57 during mid-day trading on Monday, hitting $137.23. The stock had a trading volume of 1,778,036 shares, compared to its average volume of 2,677,537. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. Estée Lauder Companies has a 1 year low of $102.22 and a 1 year high of $260.46. The business has a 50 day moving average price of $146.74 and a two-hundred day moving average price of $138.08. The firm has a market cap of $49.19 billion, a P/E ratio of 105.56, a price-to-earnings-growth ratio of 3.61 and a beta of 1.07.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.33. The business had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. On average, equities analysts anticipate that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies's dividend payout ratio (DPR) is 203.08%.
Institutional Investors Weigh In On Estée Lauder Companies
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brookstone Capital Management increased its position in shares of Estée Lauder Companies by 42.4% during the 1st quarter. Brookstone Capital Management now owns 5,429 shares of the company's stock valued at $837,000 after purchasing an additional 1,616 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter valued at about $339,000. Riverview Trust Co bought a new position in shares of Estée Lauder Companies during the 1st quarter valued at approximately $26,000. Central Valley Advisors LLC grew its stake in shares of Estée Lauder Companies by 15.6% during the 1st quarter. Central Valley Advisors LLC now owns 7,568 shares of the company's stock valued at $1,167,000 after acquiring an additional 1,021 shares during the period. Finally, Navalign LLC grew its stake in shares of Estée Lauder Companies by 43.1% during the 1st quarter. Navalign LLC now owns 3,398 shares of the company's stock valued at $524,000 after acquiring an additional 1,023 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.
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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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