Estée Lauder Companies (NYSE:EL) PT Raised to $113.00

Estée Lauder Companies (NYSE:EL) had its target price upped by JPMorgan Chase & Co. from $105.00 to $113.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada restated an outperform rating and set a $131.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Evercore ISI decreased their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an outperform rating for the company in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Estée Lauder Companies from $108.00 to $105.00 and set a hold rating for the company in a research report on Tuesday, August 20th. Stifel Nicolaus decreased their target price on shares of Estée Lauder Companies from $165.00 to $125.00 and set a buy rating for the company in a research report on Tuesday, August 20th. Finally, DA Davidson reiterated a buy rating and issued a $130.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, September 24th. Fourteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $121.00.

Estée Lauder Companies Stock Down 1.7 %

EL stock opened at $94.48 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. Estée Lauder Companies has a 1-year low of $82.39 and a 1-year high of $159.75. The firm has a fifty day moving average price of $91.73 and a two-hundred day moving average price of $111.79. The firm has a market cap of $33.88 billion, a price-to-earnings ratio of 53.08, a PEG ratio of 1.58 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts predict that Estée Lauder Companies will post 2.97 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in EL. Tradewinds Capital Management LLC grew its holdings in Estée Lauder Companies by 34.1% during the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. Haverford Trust Co grew its holdings in Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after purchasing an additional 78 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Estée Lauder Companies by 25.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after purchasing an additional 82 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Estée Lauder Companies by 11.9% during the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after purchasing an additional 90 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

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