Estee Lauder Companies Inc. (NYSE:EL)‘s stock had its “outperform” rating reiterated by research analysts at Wells Fargo & Co. in a research note issued to investors on Tuesday.

Other research analysts also recently issued research reports about the company. Bank of America Corp. reissued a “buy” rating and issued a $103.00 price target on shares of Estee Lauder Companies in a research note on Tuesday, August 23rd. Vetr raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $94.06 price target on the stock in a research note on Tuesday, August 30th. Stifel Nicolaus reissued a “buy” rating and issued a $105.00 price target on shares of Estee Lauder Companies in a research note on Friday, August 19th. Berenberg Bank initiated coverage on Estee Lauder Companies in a research note on Friday, September 9th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Goldman Sachs Group Inc. initiated coverage on Estee Lauder Companies in a research note on Sunday, September 11th. They issued a “buy” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$100.78.

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

Estee Lauder Companies (NYSE:EL) opened at 77.60 on Tuesday. The stock’s 50 day moving average price is $85.72 and its 200-day moving average price is $90.39. Estee Lauder Companies has a one year low of $77.12 and a one year high of $97.48. The stock has a market cap of $28.44 billion, a P/E ratio of 26.49 and a beta of 0.87.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Estee Lauder Companies had a return on equity of 32.90% and a net margin of 9.73%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. On average, analysts predict that Estee Lauder Companies will post $3.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.75%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.30. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 40.82%.

In other Estee Lauder Companies news, EVP Gregory Polcer sold 3,533 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of C$82.34, for a total transaction of C$290,907.22. Following the completion of the sale, the executive vice president now directly owns 71,309 shares in the company, valued at C$5,871,583.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 2,216 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of C$91.39, for a total transaction of C$202,520.24. Following the sale, the director now owns 4,000 shares of the company’s stock, valued at C$365,560. The disclosure for this sale can be found here. Corporate insiders own 16.98% of the company’s stock.

A number of large investors have recently modified their holdings of EL. FMR LLC increased its stake in shares of Estee Lauder Companies by 4.4% in the second quarter. FMR LLC now owns 30,920,948 shares of the company’s stock valued at $2,814,424,000 after buying an additional 1,309,267 shares during the period. Vanguard Group Inc. increased its stake in shares of Estee Lauder Companies by 2.2% in the second quarter. Vanguard Group Inc. now owns 13,737,824 shares of the company’s stock valued at $1,250,416,000 after buying an additional 297,233 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Estee Lauder Companies by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,834,246 shares of the company’s stock valued at $516,681,000 after buying an additional 73,246 shares during the period. American Century Companies Inc. increased its stake in shares of Estee Lauder Companies by 12.2% in the second quarter. American Century Companies Inc. now owns 5,436,412 shares of the company’s stock valued at $494,822,000 after buying an additional 592,412 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Estee Lauder Companies by 12.5% in the second quarter. TIAA CREF Investment Management LLC now owns 4,063,650 shares of the company’s stock valued at $369,873,000 after buying an additional 451,288 shares during the period. Hedge funds and other institutional investors own 54.84% 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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