Estee Lauder Companies (NYSE:EL) Price Target Raised to $132.00

Estee Lauder Companies (NYSE:EL) had its price objective hoisted by Citigroup from $121.00 to $132.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

EL has been the subject of several other research reports. Canaccord Genuity Group raised their price objective on shares of Estee Lauder Companies from $90.00 to $109.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Wall Street Zen upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Argus upped their target price on shares of Estee Lauder Companies from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Piper Sandler increased their target price on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Finally, Weiss Ratings upgraded shares of Estee Lauder Companies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.73.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $110.54 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a market capitalization of $40.05 billion, a P/E ratio of 38.60, a PEG ratio of 1.51 and a beta of 1.23. The company has a 50 day moving average price of $101.58 and a 200 day moving average price of $91.62. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. Equities research analysts forecast that Estee Lauder Companies will post 3.44 EPS for the current year.

Estee Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 30th. This represents a $1.40 annualized dividend and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is 140.00%.

Insider Buying and Selling

In other news, Director Barry Sternlicht sold 4,697 shares of Estee Lauder Companies stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $108.63, for a total value of $510,235.11. Following the completion of the transaction, the director owned 34,812 shares in the company, valued at approximately $3,781,627.56. This trade represents a 11.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,775 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the transaction, the director directly owned 50,971 shares of the company’s stock, valued at approximately $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,180 shares of company stock worth $18,273,495 over the last 90 days. 11.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Bank of America Corp DE raised its holdings in shares of Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after purchasing an additional 12,526,471 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Estee Lauder Companies by 26.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,827,512 shares of the company’s stock worth $169,538,000 after purchasing an additional 387,596 shares during the last quarter. Amundi grew its stake in shares of Estee Lauder Companies by 33.8% during the first quarter. Amundi now owns 1,909,911 shares of the company’s stock worth $137,074,000 after purchasing an additional 482,185 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Estee Lauder Companies during the third quarter worth $134,551,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Estee Lauder Companies by 4.7% during the third quarter. Pictet Asset Management Holding SA now owns 1,027,993 shares of the company’s stock worth $95,367,000 after purchasing an additional 46,325 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc. is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London. The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.