Estée Lauder Companies (NYSE:EL) Price Target Raised to $74.00

by · The Markets Daily

Estée Lauder Companies (NYSE:EL – Free Report) had its price target boosted by Wells Fargo & Company from $72.00 to $74.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently issued reports on EL. Piper Sandler increased their price target on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley cut their price target on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $113.00 to $74.00 in a research report on Friday, November 1st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $105.00 price objective on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $96.50.

Get Our Latest Stock Report on Estée Lauder Companies

Estée Lauder Companies Stock Performance

NYSE EL opened at $74.11 on Tuesday. The firm has a market capitalization of $26.60 billion, a P/E ratio of 132.34, a PEG ratio of 5.33 and a beta of 1.02. The stock has a 50-day simple moving average of $72.72 and a two-hundred day simple moving average of $87.30. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75.

Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities analysts forecast that Estée Lauder Companies will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now directly owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after purchasing an additional 913,470 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after buying an additional 70,307 shares during the period. Van ECK Associates Corp grew its stake in shares of Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after buying an additional 1,066,320 shares during the period. 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, and powders, as well as compacts, brushes, and other makeup tools.

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