The Estee Lauder Companies Inc. (NYSE:EL) Given Average Recommendation of "Hold" by Analysts

Shares of The Estee Lauder Companies Inc. (NYSE:EL - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-two analysts that are currently covering the firm, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $77.70.

Several equities analysts have recently issued reports on EL shares. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their target price for the company from $80.00 to $99.00 in a report on Friday, June 27th. JPMorgan Chase & Co. lowered their target price on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Stifel Nicolaus lowered their target price on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their target price for the company from $71.00 to $95.00 in a report on Monday, June 23rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd.

Institutional Investors Weigh In On Estee Lauder Companies

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

Estee Lauder Companies Stock Down 1.1%

Estee Lauder Companies stock traded down $0.99 during trading hours on Friday, hitting $91.11. 2,973,811 shares of the stock traded hands, compared to its average volume of 4,315,461. The firm's 50-day moving average price is $72.10 and its two-hundred day moving average price is $69.54. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The company has a market cap of $32.78 billion, a PE ratio of -37.65, a PEG ratio of 6.50 and a beta of 1.17. Estee Lauder Companies has a one year low of $48.37 and a one year high of $103.44.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The business's revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. On average, research analysts forecast that Estee Lauder Companies will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.54%. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

Estee 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.