Estée Lauder Companies (NYSE:EL) Given New $61.00 Price Target at JPMorgan Chase & Co.

Estée Lauder Companies (NYSE:EL) had its price target decreased by JPMorgan Chase & Co. from $72.00 to $61.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on EL. Morgan Stanley decreased their target price on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Wells Fargo & Company increased their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.67.

Estée Lauder Companies Stock Up 3.5 %

EL stock opened at $55.19 on Friday. The firm’s 50-day moving average is $66.37 and its two-hundred day moving average is $74.73. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of -28.30, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. Estée Lauder Companies has a 52 week low of $48.37 and a 52 week high of $149.91. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, analysts forecast that Estée Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.54%. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg bought 43,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after acquiring an additional 2,344,210 shares in the last quarter. FMR LLC boosted its position in Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock worth $1,078,406,000 after purchasing an additional 8,930,011 shares during the period. Independent Franchise Partners LLP boosted its position in Estée Lauder Companies by 45.5% during the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company’s stock worth $589,205,000 after purchasing an additional 2,458,379 shares during the period. Capital World Investors acquired a new position in Estée Lauder Companies during the fourth quarter valued at approximately $554,509,000. Finally, Invesco Ltd. raised its position in shares of Estée Lauder Companies by 148.9% in the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company’s stock valued at $410,984,000 after purchasing an additional 3,278,632 shares during the period. 55.15% of the stock is currently owned by institutional investors.

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