Brokerages Set The Estée Lauder Companies Inc. (NYSE:EL) PT at $75.20

Shares of The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) have been assigned an average rating of "Hold" from the twenty-two analysts that are presently covering the firm, Marketbeat.com reports. Eighteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $75.20.

EL has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Royal Bank of Canada reduced their price objective on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Citigroup dropped their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays dropped their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley dropped their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators lifted its position in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Estée Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after buying an additional 461 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Stock Up 3.8%

Shares of NYSE EL traded up $2.53 during midday trading on Friday, hitting $68.80. The stock had a trading volume of 1,260,189 shares, compared to its average volume of 4,097,084. The business's 50 day moving average is $60.28 and its 200-day moving average is $68.77. The company has a market cap of $24.75 billion, a P/E ratio of -35.28, a PEG ratio of 6.09 and a beta of 1.12. Estée Lauder Companies has a 52 week low of $48.37 and a 52 week high of $125.90. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business's revenue was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, analysts predict that Estée Lauder Companies will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Estée 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.