Estee Lauder Companies Inc (NYSE:EL) has received an average recommendation of “Hold” from the twenty-one research firms that are covering the firm. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $96.90.
EL has been the subject of several research reports. Royal Bank of Canada reiterated a “buy” rating and set a $100.00 price objective on shares of Estee Lauder Companies in a research note on Thursday, January 19th. Vetr upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 price objective for the company in a research note on Thursday, March 2nd. Goldman Sachs Group Inc upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $103.00 in a research note on Tuesday, April 4th. Wells Fargo & Co reiterated a “buy” rating on shares of Estee Lauder Companies in a research note on Saturday, April 22nd. Finally, Deutsche Bank AG lowered their price objective on shares of Estee Lauder Companies from $102.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 4th.
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In other Estee Lauder Companies news, insider John Demsey sold 23,304 shares of Estee Lauder Companies stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $94.00, for a total value of $2,190,576.00. Following the completion of the transaction, the insider now owns 23,304 shares of the company’s stock, valued at $2,190,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of Estee Lauder Companies stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the completion of the transaction, the insider now directly owns 83,638 shares of the company’s stock, valued at approximately $7,720,623.78. The disclosure for this sale can be found here. Insiders sold 60,981 shares of company stock valued at $5,524,621 in the last ninety days. 16.98% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its stake in Estee Lauder Companies by 3.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 901,812 shares of the company’s stock worth $79,865,000 after buying an additional 30,547 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in Estee Lauder Companies by 1.7% in the third quarter. Boston Common Asset Management LLC now owns 54,225 shares of the company’s stock worth $4,802,000 after buying an additional 895 shares in the last quarter. Decatur Capital Management Inc. boosted its stake in Estee Lauder Companies by 2.8% in the third quarter. Decatur Capital Management Inc. now owns 156,925 shares of the company’s stock worth $13,897,000 after buying an additional 4,300 shares in the last quarter. OLD National Bancorp IN boosted its stake in Estee Lauder Companies by 1.5% in the third quarter. OLD National Bancorp IN now owns 21,236 shares of the company’s stock worth $1,881,000 after buying an additional 316 shares in the last quarter. Finally, USS Investment Management Ltd boosted its stake in Estee Lauder Companies by 163.1% in the third quarter. USS Investment Management Ltd now owns 1,290,500 shares of the company’s stock worth $114,280,000 after buying an additional 800,000 shares in the last quarter. 55.53% of the stock is owned by institutional investors.
Shares of Estee Lauder Companies (NYSE:EL) traded up 1.08% during midday trading on Friday, reaching $92.37. 3,273,106 shares of the company’s stock were exchanged. The firm has a market cap of $33.98 billion, a PE ratio of 30.96 and a beta of 0.86. Estee Lauder Companies has a one year low of $75.29 and a one year high of $95.38. The stock’s 50-day moving average is $88.01 and its 200 day moving average is $82.68.
Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies had a net margin of 9.50% and a return on equity of 32.36%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Estee Lauder Companies will post $3.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.36 dividend on an annualized basis and a yield of 1.49%. Estee Lauder Companies’s payout ratio is 46.90%.
Estee Lauder Companies Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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