Estee Lauder Companies (NYSE:EL) Price Target Raised to $118.00

Estee Lauder Companies (NYSE:EL) had its price target upped by Morgan Stanley from $112.00 to $118.00 in a research report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also weighed in on EL. Argus increased their price objective on shares of Estee Lauder Companies from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. TD Cowen raised their price objective on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, October 30th. HSBC boosted their target price on Estee Lauder Companies from $87.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Piper Sandler upped their target price on Estee Lauder Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Finally, The Goldman Sachs Group upped their target price on Estee Lauder Companies from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Estee Lauder Companies currently has an average rating of “Moderate Buy” and a consensus target price of $110.31.

Estee Lauder Companies Trading Down 3.7%

Shares of EL opened at $107.84 on Tuesday. Estee Lauder Companies has a twelve month low of $66.22 and a twelve month high of $121.64. The company has a market cap of $39.02 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 1.67. The company’s fifty day simple moving average is $100.65 and its 200-day simple moving average is $91.75.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $0.32 EPS. The business’s revenue was up 6.7% on a year-over-year basis. As a group, analysts expect that Estee Lauder Companies will post 3.42 EPS for the current year.

Estee Lauder Companies Announces Dividend

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

Insider Transactions at Estee Lauder Companies

In other news, Director Paul Fribourg sold 58,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the transaction, the director owned 417,300 shares in the company, valued at approximately $40,966,341. This trade represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Rashida La Lande sold 7,766 shares of Estee Lauder Companies stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the completion of the sale, the vice president owned 14,357 shares of the company’s stock, valued at $1,483,365.24. The trade was a 35.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 75,105 shares of company stock valued at $7,423,185. 11.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EL. Bank of America Corp DE boosted its position in Estee Lauder Companies by 950.9% during the first 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. grew its stake in Estee Lauder Companies by 26.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,827,512 shares of the company’s stock valued at $169,538,000 after purchasing an additional 387,596 shares during the last quarter. Amundi grew its stake in Estee Lauder Companies by 33.8% in the first quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after purchasing an additional 482,185 shares during the last quarter. Ninety One UK Ltd purchased a new position in Estee Lauder Companies in the third quarter valued at about $134,551,000. Finally, Pictet Asset Management Holding SA raised its holdings in Estee Lauder Companies by 4.7% in 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. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies News Summary

Here are the key news stories impacting Estee Lauder Companies this week:

• Positive Sentiment: Estée Lauder set a fiscal 2030 ambition of mid-single-digit annual organic sales growth, higher margins and double-digit earnings growth. The plan builds on its Beauty Reimagined strategy and One ELC operating model, with innovation and efficiency improvements among the expected drivers. Company announcement Reuters report
• Positive Sentiment: Analyst actions were largely upbeat: Barclays raised its price target to $126 and maintained an Overweight rating, while RBC issued a Buy rating and JPMorgan raised its target. RBC, Wells Fargo and UBS were also reported as anticipating strong appreciation, supporting sentiment around EL’s recovery prospects. Barclays rating update RBC rating JPMorgan target update
• Neutral Sentiment: Analyst views are not unanimous: TD Cowen maintained a Hold, and the reported consensus price target is $106.92—close to the recently quoted share price. This signals caution alongside the more bullish individual forecasts. TD Cowen rating Consensus price target

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.