Estee Lauder Companies, Inc. (The) (EL) Now Covered by Analysts at Macquarie

Macquarie initiated coverage on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a research note released on Friday. The brokerage issued an outperform rating and a $124.00 price target on the stock.

Several other brokerages have also recently issued reports on EL. Jefferies Group LLC increased their target price on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a hold rating in a report on Thursday, September 7th. Argus upgraded shares of Estee Lauder Companies, Inc. (The) from a hold rating to a buy rating and set a $125.00 target price on the stock in a report on Tuesday, August 22nd. Morgan Stanley reiterated an overweight rating and set a $122.00 target price (up from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Estee Lauder Companies, Inc. (The) from a hold rating to a strong-buy rating and set a $122.00 target price on the stock in a report on Tuesday, August 22nd. Finally, Sanford C. Bernstein reiterated an outperform rating and set a $117.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $109.41.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded down 0.29% on Friday, reaching $109.69. 1,896,840 shares of the company were exchanged. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99. The company has a market capitalization of $40.36 billion, a price-to-earnings ratio of 32.74 and a beta of 0.67. The company’s 50-day moving average is $104.20 and its 200-day moving average is $94.26.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the business earned $0.43 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s payout ratio is currently 40.60%.

In related news, insider Fabrizio Freda sold 15,880 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the transaction, the insider now directly owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry S. Sternlicht sold 10,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the completion of the transaction, the director now directly owns 40,982 shares of the company’s stock, valued at $4,356,386.60. The disclosure for this sale can be found here. Insiders sold a total of 568,791 shares of company stock valued at $60,070,365 over the last ninety days. 16.98% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Estee Lauder Companies, Inc. (The) by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 15,286,591 shares of the company’s stock worth $1,467,207,000 after buying an additional 485,448 shares during the last quarter. BlackRock Inc. raised its position in Estee Lauder Companies, Inc. (The) by 7.4% during the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock worth $1,420,311,000 after buying an additional 1,022,956 shares during the last quarter. Wellington Management Group LLP raised its position in Estee Lauder Companies, Inc. (The) by 1.6% during the 1st quarter. Wellington Management Group LLP now owns 10,915,464 shares of the company’s stock worth $925,523,000 after buying an additional 167,133 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Estee Lauder Companies, Inc. (The) by 16.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock worth $514,969,000 after buying an additional 880,014 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Estee Lauder Companies, Inc. (The) by 1,676.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock worth $450,675,000 after buying an additional 4,431,247 shares during the last quarter. 54.63% of the stock is owned by institutional investors.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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