Oppenheimer Holdings, Inc. Reaffirms “Buy” Rating for Estee Lauder Companies, Inc. (The) (EL)

Oppenheimer Holdings, Inc. restated their buy rating on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a report issued on Wednesday morning. They currently have a $120.00 price target on the stock, up from their prior price target of $110.00. Oppenheimer Holdings also issued estimates for Estee Lauder Companies, Inc. (The)’s Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $1.40 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $4.00 EPS and FY2019 earnings at $4.50 EPS.

A number of other equities research analysts have also weighed in on EL. Citigroup Inc. reiterated an outperform rating and issued a $120.00 price objective (up from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Wednesday. Piper Jaffray Companies reiterated an overweight rating and issued a $112.00 price objective (up from $95.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Monday, August 21st. Wells Fargo & Company reiterated a buy rating and issued a $112.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research report on Friday, August 11th. Royal Bank Of Canada set a $100.00 price objective on Estee Lauder Companies, Inc. (The) and gave the stock a buy rating in a research report on Wednesday, August 9th. Finally, Macquarie assumed coverage on Estee Lauder Companies, Inc. (The) in a research report on Friday, September 15th. They issued an outperform rating and a $124.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $110.28.

Shares of Estee Lauder Companies, Inc. (NYSE EL) opened at 107.58 on Wednesday. The stock’s 50 day moving average price is $104.85 and its 200 day moving average price is $94.82. The company has a market capitalization of $39.58 billion, a PE ratio of 32.11 and a beta of 0.67. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $110.99.

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

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is currently 40.60%.

In other news, insider Fabrizio Freda sold 14,724 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $108.39, for a total value of $1,595,934.36. Following the completion of the transaction, the insider now owns 73,174 shares in the company, valued at $7,931,329.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $105.41, for a total value of $210,820.00. Following the completion of the transaction, the director now owns 26,240 shares of the company’s stock, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. Insiders sold 568,791 shares of company stock valued at $60,070,365 in the last 90 days. Company insiders own 16.98% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in shares of Estee Lauder Companies, Inc. (The) by 2,291.7% in the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after purchasing an additional 1,100 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Estee Lauder Companies, Inc. (The) in the first quarter worth $100,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after purchasing an additional 346 shares during the last quarter. Israel Discount Bank of New York purchased a new position in shares of Estee Lauder Companies, Inc. (The) in the first quarter worth $110,000. Finally, First Interstate Bank purchased a new position in shares of Estee Lauder Companies, Inc. (The) in the first quarter worth $114,000. Hedge funds and other institutional investors own 54.60% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

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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