The Estée Lauder Companies Inc. (NYSE:EL) Receives $75.20 Consensus PT from Analysts

The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) has received an average recommendation of "Hold" from the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings 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 target price among brokers that have issued a report on the stock in the last year is $75.20.

Several brokerages recently commented on EL. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday. DA Davidson reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Citigroup lowered their price target on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler reiterated an "overweight" rating and set a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after acquiring an additional 2,344,210 shares during the last quarter. FMR LLC boosted its stake in shares of Estée Lauder Companies by 163.8% during the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Independent Franchise Partners LLP grew its stake in Estée Lauder Companies by 1.5% in the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company's stock valued at $526,445,000 after buying an additional 118,276 shares during the last quarter. Capital World Investors bought a new position in Estée Lauder Companies during the 4th quarter worth $554,509,000. Finally, Invesco Ltd. raised its position in shares of Estée Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company's stock valued at $440,998,000 after buying an additional 1,200,537 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Estée Lauder Companies Stock Up 5.2%

EL traded up $3.31 on Friday, hitting $67.00. 3,753,184 shares of the company were exchanged, compared to its average volume of 4,106,213. The firm has a 50-day moving average price of $60.32 and a two-hundred day moving average price of $68.80. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. Estée Lauder Companies has a twelve month low of $48.37 and a twelve month high of $127.05. The company has a market cap of $24.10 billion, a price-to-earnings ratio of -34.36, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12.

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

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's payout ratio is presently -57.85%.

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, and powders, as well as compacts, brushes, and other makeup tools.