Estee Lauder Companies Inc. (NYSE:EL) was downgraded by equities research analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.

EL has been the topic of a number of other research reports. Zacks Investment Research upgraded Estee Lauder Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. B. Riley restated a “neutral” rating and set a $94.00 price target on shares of Estee Lauder Companies in a research note on Sunday, August 28th. Berenberg Bank assumed coverage on Estee Lauder Companies in a research note on Friday, September 9th. They set a “buy” rating and a $105.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and set a $105.00 price target on shares of Estee Lauder Companies in a research note on Friday, August 19th. Finally, Jefferies Group dropped their price target on Estee Lauder Companies from $98.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday, August 22nd. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Estee Lauder Companies has an average rating of “Buy” and an average price target of C$100.97.

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

Estee Lauder Companies (NYSE:EL) traded down 0.03% during mid-day trading on Thursday, hitting $88.15. The stock had a trading volume of 1,197,240 shares. The stock has a 50-day moving average price of $88.52 and a 200 day moving average price of $92.04. The firm has a market cap of $32.24 billion, a P/E ratio of 29.78 and a beta of 0.91. Estee Lauder Companies has a 12-month low of $80.18 and a 12-month high of $97.48.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Friday, August 19th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.15. The firm had revenue of $2.65 billion for the quarter. Estee Lauder Companies had a return on equity of 33.20% and a net margin of 9.90%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. Equities analysts anticipate that Estee Lauder Companies will post ($0.07) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Monday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 40.40%.

In other news, Director Charlene Barshefsky sold 2,216 shares of Estee Lauder Companies stock in a transaction on Monday, August 22nd. The stock was sold at an average price of C$91.39, for a total value of C$202,520.24. Following the completion of the sale, the director now owns 4,000 shares of the company’s stock, valued at C$365,560. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Fabrizio Freda sold 18,758 shares of Estee Lauder Companies stock in a transaction on Monday, September 12th. The shares were sold at an average price of C$88.01, for a total value of C$1,650,891.58. Following the completion of the sale, the insider now directly owns 89,532 shares of the company’s stock, valued at approximately C$7,879,711.32. The disclosure for this sale can be found here. 16.98% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mycio Wealth Partners LLC boosted its position in shares of Estee Lauder Companies by 42.8% in the second quarter. Mycio Wealth Partners LLC now owns 1,144 shares of the company’s stock worth $104,000 after buying an additional 343 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Estee Lauder Companies during the second quarter worth $110,000. Creative Planning boosted its position in shares of Estee Lauder Companies by 151.1% in the second quarter. Creative Planning now owns 1,273 shares of the company’s stock worth $116,000 after buying an additional 766 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Estee Lauder Companies by 71.8% in the second quarter. Bessemer Group Inc. now owns 1,347 shares of the company’s stock worth $123,000 after buying an additional 563 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Estee Lauder Companies by 1.1% in the third quarter. Advisory Services Network LLC now owns 1,385 shares of the company’s stock worth $123,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 55.36% of the company’s stock.

Estee Lauder Companies Company Profile

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

5 Day Chart for NYSE:EL

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