Estée Lauder Companies (NYSE:EL) Price Target Increased to $160.00 by Analysts at Bernstein Bank

Estée Lauder Companies (NYSE:EL) had its target price increased by Bernstein Bank from $155.00 to $160.00 in a report published on Wednesday morning.

Other analysts have also recently issued research reports about the company. Barclays increased their target price on Estée Lauder Companies from $146.00 to $150.00 and gave the company an equal weight rating in a research report on Thursday, April 25th. DA Davidson reaffirmed a buy rating and set a $191.00 price objective on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 target price for the company. in a report on Tuesday, January 2nd. The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They issued a neutral rating and a $145.00 price target on the stock. Finally, Raymond James boosted their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a strong-buy rating in a research note on Tuesday, February 6th. Seventeen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of Hold and a consensus target price of $160.92.

Estée Lauder Companies Stock Down 1.5 %

NYSE:EL opened at $132.95 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The company has a 50-day moving average of $146.22 and a 200 day moving average of $138.23. The firm has a market cap of $47.66 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Estée Lauder Companies will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is 148.32%.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Estée Lauder Companies by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 19,435,995 shares of the company’s stock worth $2,842,514,000 after purchasing an additional 809,370 shares during the period. FMR LLC boosted its stake in shares of Estée Lauder Companies by 35.4% in the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after buying an additional 1,387,271 shares during the last quarter. Morgan Stanley grew its holdings in Estée Lauder Companies by 6.0% during the third quarter. Morgan Stanley now owns 4,483,459 shares of the company’s stock worth $648,085,000 after acquiring an additional 254,198 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Estée Lauder Companies by 13.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,151,580 shares of the company’s stock worth $607,169,000 after acquiring an additional 496,308 shares during the period. Finally, Lazard Asset Management LLC raised its position in Estée Lauder Companies by 68.5% during the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after acquiring an additional 1,512,982 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.