The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) dropped 3.2% on Wednesday . The stock traded as low as $146.91 and last traded at $147.86. Approximately 349,529 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,753,583 shares. The stock had previously closed at $152.77.
Wall Street Analyst Weigh In
EL has been the subject of a number of recent research reports. Barclays boosted their price objective on Estée Lauder Companies from $101.00 to $121.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a research report on Friday, March 1st. They issued a "neutral" rating and a $145.00 price target for the company. Raymond James lifted their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Tuesday, February 6th. StockNews.com lowered shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research note on Wednesday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $166.46.
Check Out Our Latest Report on Estée Lauder Companies
Estée Lauder Companies Price Performance
The stock has a market cap of $52.46 billion, a P/E ratio of 112.99, a price-to-earnings-growth ratio of 3.96 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The business's 50-day simple moving average is $144.96 and its two-hundred day simple moving average is $138.24.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.19 billion. During the same period in the prior year, the company posted $1.54 EPS. Estée Lauder Companies's revenue was down 7.4% compared to the same quarter last year. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.80%. Estée Lauder Companies's dividend payout ratio (DPR) is 203.08%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Money Concepts Capital Corp raised its position in shares of Estée Lauder Companies by 32.3% in the fourth quarter. Money Concepts Capital Corp now owns 209 shares of the company's stock worth $52,000 after buying an additional 51 shares in the last quarter. Fiduciary Trust Co. increased its stake in Estée Lauder Companies by 0.7% in the 1st quarter. Fiduciary Trust Co. now owns 7,068 shares of the company's stock worth $1,742,000 after acquiring an additional 52 shares during the last quarter. Moreno Evelyn V raised its holdings in shares of Estée Lauder Companies by 0.5% in the 3rd quarter. Moreno Evelyn V now owns 16,492 shares of the company's stock valued at $2,384,000 after acquiring an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Estée Lauder Companies by 0.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company's stock valued at $2,440,000 after acquiring an additional 76 shares during the last quarter. Finally, Magnolia Capital Advisors LLC grew its holdings in shares of Estée Lauder Companies by 2.6% during the fourth quarter. Magnolia Capital Advisors LLC now owns 3,019 shares of the company's stock worth $749,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.
Estée Lauder Companies Company Profile
(
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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
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