Shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) have been given a consensus recommendation of “Buy” by the twenty-seven ratings firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $118.14.
Several brokerages have recently commented on EL. Jefferies Group set a $140.00 price objective on Estee Lauder Companies and gave the company a “buy” rating in a report on Friday, December 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $135.00 price objective (up previously from $115.00) on shares of Estee Lauder Companies in a report on Friday, November 3rd. Morgan Stanley increased their price objective on Estee Lauder Companies from $122.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Argus increased their price objective on Estee Lauder Companies from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Citigroup increased their price objective on Estee Lauder Companies from $111.00 to $128.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd.
In other Estee Lauder Companies news, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of Estee Lauder Companies stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $125.44, for a total transaction of $71,670,269.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory Polcer sold 2,730 shares of Estee Lauder Companies stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.11, for a total value of $295,140.30. Following the transaction, the executive vice president now owns 70,309 shares of the company’s stock, valued at approximately $7,601,105.99. The disclosure for this sale can be found here. Insiders sold a total of 1,526,646 shares of company stock valued at $190,321,370 in the last 90 days. 16.24% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Estee Lauder Companies by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 15,286,591 shares of the company’s stock valued at $1,467,207,000 after acquiring an additional 485,448 shares during the period. BlackRock Inc. grew its position in shares of Estee Lauder Companies by 7.4% during the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after acquiring an additional 1,022,956 shares during the period. Jennison Associates LLC acquired a new stake in shares of Estee Lauder Companies during the 3rd quarter valued at about $664,432,000. Janus Henderson Group PLC grew its position in shares of Estee Lauder Companies by 1,676.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after acquiring an additional 4,431,247 shares during the period. Finally, Fundsmith LLP grew its position in shares of Estee Lauder Companies by 3.2% during the 2nd quarter. Fundsmith LLP now owns 3,845,509 shares of the company’s stock valued at $369,092,000 after acquiring an additional 118,489 shares during the period. Institutional investors and hedge funds own 53.87% of the company’s stock.
Shares of Estee Lauder Companies (EL) traded up $0.45 during midday trading on Thursday, reaching $125.63. The company’s stock had a trading volume of 1,780,075 shares, compared to its average volume of 1,734,866. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The company has a market cap of $46,261.49, a PE ratio of 32.63, a PEG ratio of 2.43 and a beta of 0.71. Estee Lauder Companies has a 1-year low of $75.83 and a 1-year high of $126.99.
Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.24. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. analysts forecast that Estee Lauder Companies will post 4.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.38 dividend. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. Estee Lauder Companies’s dividend payout ratio (DPR) is 41.08%.
About Estee Lauder Companies
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.
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