Estée Lauder Companies (NYSE:EL) Coverage Initiated by Analysts at CICC Research

CICC Research assumed coverage on shares of Estée Lauder Companies (NYSE:EL) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage issued a market perform rating and a $82.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. B. Riley dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. DA Davidson reissued a “buy” rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Monday, December 23rd. Finally, Canaccord Genuity Group cut their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $97.82.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $74.62 on Friday. The company’s 50 day moving average price is $74.73 and its two-hundred day moving average price is $89.59. The firm has a market capitalization of $26.79 billion, a P/E ratio of 133.25, a P/E/G ratio of 5.33 and a beta of 1.05. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts forecast that Estée Lauder Companies will post 1.46 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of institutional investors have recently made changes to their positions in EL. Aptus Capital Advisors LLC raised its holdings in shares of Estée Lauder Companies by 6.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after buying an additional 127 shares in the last quarter. Farther Finance Advisors LLC grew its position in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the last quarter. Chilton Capital Management LLC raised its stake in shares of Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 168 shares in the last quarter. Biltmore Family Office LLC lifted its holdings in shares of Estée Lauder Companies by 7.8% in the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock worth $237,000 after acquiring an additional 171 shares during the last quarter. Finally, Cove Private Wealth LLC boosted its stake in shares of Estée Lauder Companies by 7.1% in the 3rd quarter. Cove Private Wealth LLC now owns 2,625 shares of the company’s stock valued at $262,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

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.