The Estée Lauder Companies Inc. (NYSE:EL) Receives $86.00 Consensus PT from Analysts

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

Several equities analysts recently issued reports on EL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Piper Sandler lifted their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group reduced their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st.

Estée Lauder Companies Stock Down 1.3 %

EL opened at $68.80 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90. The business has a 50 day simple moving average of $75.85 and a 200-day simple moving average of $81.94. The stock has a market capitalization of $24.70 billion, a P/E ratio of -35.28, a P/E/G ratio of 5.43 and a beta of 1.03. Estée Lauder Companies has a 12 month low of $62.29 and a 12 month high of $159.54.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. On average, equities analysts anticipate that Estée Lauder Companies will post 1.37 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.04%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 119,200 shares of company stock worth $7,801,318. 12.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. CWM LLC boosted its position in shares of Estée Lauder Companies by 28.7% in the third quarter. CWM LLC now owns 4,930 shares of the company’s stock worth $491,000 after buying an additional 1,099 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Estée Lauder Companies by 1,931.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,622 shares of the company’s stock worth $660,000 after buying an additional 6,296 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Estée Lauder Companies by 22.7% in the third quarter. Vontobel Holding Ltd. now owns 349,173 shares of the company’s stock worth $34,809,000 after buying an additional 64,688 shares during the period. nVerses Capital LLC boosted its holdings in Estée Lauder Companies by 676.9% in the third quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock valued at $1,007,000 after purchasing an additional 8,800 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in Estée Lauder Companies by 14.2% in the third quarter. AlphaMark Advisors LLC now owns 2,810 shares of the company’s stock valued at $280,000 after purchasing an additional 350 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.