The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) has received an average recommendation of "Hold" from the twenty-two brokerages that are presently covering the company, MarketBeat Ratings reports. Eighteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $75.20.
Several brokerages recently weighed in on EL. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price target (down from $70.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Citigroup reduced their price target on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company cut their target price on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada cut their target price on Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen cut Estée Lauder Companies from a "hold" rating to a "sell" rating in a research note on Saturday.
Read Our Latest Stock Analysis on EL
Institutional Investors Weigh In On Estée Lauder Companies
Large investors have recently made changes to their positions in the stock. Harrell Investment Partners LLC grew its position in Estée Lauder Companies by 52.1% in the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock worth $771,000 after acquiring an additional 3,524 shares during the period. Washington Capital Management Inc. acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $352,000. Bank Pictet & Cie Europe AG raised its stake in Estée Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after buying an additional 4,690 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares in the last quarter. Finally, Banque Pictet & Cie SA increased its position in shares of Estée Lauder Companies by 2.1% during the fourth quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company's stock worth $115,322,000 after purchasing an additional 30,971 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.
Estée Lauder Companies Trading Down 0.5%
Estée Lauder Companies stock traded down $0.33 during trading hours on Friday, reaching $66.74. The company had a trading volume of 1,414,187 shares, compared to its average volume of 4,095,729. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. Estée Lauder Companies has a 12-month low of $48.37 and a 12-month high of $127.05. The firm has a market cap of $24.01 billion, a price-to-earnings ratio of -34.21, a P/E/G ratio of 6.09 and a beta of 1.12. The company has a 50-day moving average price of $60.30 and a 200 day moving average price of $68.78.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The business's revenue was down 9.9% compared to the same quarter last year. Equities analysts forecast that Estée Lauder Companies will post 1.36 earnings per share for the current year.
Estée Lauder Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.
About Estée Lauder Companies
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Get Free ReportThe 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.
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