Raymond James reissued their outperform rating on shares of Estee Lauder Companies (NYSE:EL) in a research report sent to investors on Tuesday, The Fly reports. The brokerage currently has a $216.00 price target on the stock, up from their prior price target of $181.00.
Several other equities analysts have also issued reports on EL. DA Davidson lowered Estee Lauder Companies from a buy rating to a neutral rating and reduced their target price for the company from $179.00 to $155.00 in a report on Thursday, May 2nd. Citigroup upped their target price on Estee Lauder Companies from $197.00 to $231.00 and gave the company a buy rating in a report on Tuesday. UBS Group upped their target price on Estee Lauder Companies from $153.00 to $172.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Royal Bank of Canada lowered Estee Lauder Companies from an outperform rating to a sector perform rating and upped their target price for the company from $173.00 to $178.00 in a report on Thursday, May 2nd. They noted that the move was a valuation call. Finally, Evercore ISI set a $190.00 target price on Estee Lauder Companies and gave the company a buy rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $188.88.
EL stock opened at $202.56 on Tuesday. The firm has a market cap of $73.17 billion, a PE ratio of 37.93, a P/E/G ratio of 2.61 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $186.56 and a 200-day moving average of $171.05. Estee Lauder Companies has a 12-month low of $121.47 and a 12-month high of $206.00.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.53 billion. Estee Lauder Companies had a return on equity of 44.43% and a net margin of 12.01%. Estee Lauder Companies’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, research analysts expect that Estee Lauder Companies will post 5.99 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is 32.21%.
In other news, insider Hudis Jane Hertzmark sold 17,842 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $202.64, for a total value of $3,615,502.88. Following the completion of the transaction, the insider now directly owns 219,807 shares of the company’s stock, valued at $44,541,690.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexandra C. Trower sold 6,608 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total value of $1,346,578.24. The disclosure for this sale can be found here. 16.13% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Next Capital Management LLC purchased a new stake in Estee Lauder Companies during the second quarter valued at about $25,000. Massey Quick Simon & CO. LLC raised its position in Estee Lauder Companies by 387.9% during the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in Estee Lauder Companies during the second quarter valued at about $33,000. Meeder Asset Management Inc. purchased a new stake in Estee Lauder Companies during the second quarter valued at about $34,000. Finally, Thor Advisors LLC purchased a new stake in Estee Lauder Companies during the first quarter valued at about $37,000. 54.82% of the stock is owned by hedge funds and other institutional investors.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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