The Estée Lauder Companies Inc. (NYSE:EL) Receives $100.90 Consensus Price Target from Analysts

The Estée Lauder Companies Inc. (NYSE:EL) has received a consensus recommendation of “Hold” from the twenty-two ratings firms that are currently covering the firm, MarketBeat reports. Eighteen analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $100.90.

EL has been the subject of a number of analyst reports. B. Riley dropped their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday. Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Bank of America reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Barclays cut their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th.

Insider Buying and Selling

In related news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,296 shares of company stock valued at $1,423,366 in the last three months. 12.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its holdings in shares of Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after purchasing an additional 1,920,439 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after purchasing an additional 1,250,555 shares in the last quarter. Van ECK Associates Corp increased its holdings in Estée Lauder Companies by 36.4% in the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Independent Franchise Partners LLP increased its stake in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after purchasing an additional 1,066,320 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Estée Lauder Companies during the 1st quarter worth $82,664,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Trading Up 4.8 %

Shares of Estée Lauder Companies stock opened at $66.31 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $88.41 and its 200-day simple moving average is $104.59. The stock has a market cap of $23.79 billion, a P/E ratio of 119.30, a P/E/G ratio of 2.36 and a beta of 1.05. Estée Lauder Companies has a 1-year low of $62.88 and a 1-year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Analysts predict that Estée Lauder Companies will post 2 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

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.