Estée Lauder Companies (NYSE:EL) Price Target Lowered to $140.00 at Barclays

Estée Lauder Companies (NYSE:EL - Free Report) had its price objective decreased by Barclays from $150.00 to $140.00 in a research note published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages have also issued reports on EL. Telsey Advisory Group restated a market perform rating and set a $155.00 target price on shares of Estée Lauder Companies in a research report on Wednesday. DA Davidson restated a buy rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. 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 research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a sector perform rating in a report on Tuesday, February 6th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $160.92.

Estée Lauder Companies Stock Down 1.5 %

NYSE EL traded down $1.99 during trading hours on Friday, reaching $132.95. 3,791,920 shares of the company's stock traded hands, compared to its average volume of 2,798,211. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $209.64. The firm has a market cap of $47.66 billion, a PE ratio of 74.69, a PEG ratio of 3.38 and a beta of 1.07. The firm has a 50-day simple moving average of $146.22 and a 200 day simple moving average of $138.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Sell-side analysts anticipate that Estée Lauder Companies will post 2.2 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies's payout ratio is 148.32%.

Institutional Trading of Estée Lauder Companies

Several hedge funds have recently modified their holdings of EL. Mediolanum International Funds Ltd purchased a new position in shares of Estée Lauder Companies in the 1st quarter valued at approximately $13,285,000. Larson Financial Group LLC raised its position in shares of Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company's stock valued at $41,000 after purchasing an additional 261 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Estée Lauder Companies by 222.8% in the 1st quarter. GSA Capital Partners LLP now owns 14,080 shares of the company's stock valued at $2,170,000 after purchasing an additional 9,718 shares during the last quarter. Boomfish Wealth Group LLC raised its position in shares of Estée Lauder Companies by 6.2% in the 1st quarter. Boomfish Wealth Group LLC now owns 8,210 shares of the company's stock valued at $1,266,000 after purchasing an additional 481 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. raised its position in shares of Estée Lauder Companies by 10.2% in the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 9,285 shares of the company's stock valued at $1,431,000 after purchasing an additional 863 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estée Lauder Companies

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.