The Estée Lauder Companies Inc. (NYSE:EL) Receives $86.00 Consensus Price Target from Brokerages

Shares of The Estée Lauder Companies Inc. (NYSE:EL) have been assigned an average recommendation of “Hold” from the twenty-three brokerages that are covering the company, MarketBeat reports. Nineteen investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $86.00.

Several equities analysts have recently commented on EL shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Barclays decreased their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. DA Davidson restated a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Finally, Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th.

Estée Lauder Companies Stock Down 4.4 %

EL opened at $66.53 on Monday. The stock’s fifty day simple moving average is $73.84 and its 200 day simple moving average is $79.13. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.54. The stock has a market cap of $23.88 billion, a PE ratio of -34.12, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, research analysts expect that Estée Lauder Companies will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Insider Activity at Estée Lauder Companies

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies in the 4th quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators grew its stake in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies during the 4th quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies during the 3rd quarter worth $31,000. 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.