Estee Lauder Companies Inc. (EL) Stock Rating Reaffirmed by Jefferies Group
Estee Lauder Companies Inc. (NYSE:EL)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research report issued to clients and investors on Wednesday.
Other research analysts have also issued reports about the company. B. Riley reiterated a “neutral” rating and set a $94.00 price objective on shares of Estee Lauder Companies in a research note on Tuesday, August 23rd. Berenberg Bank began coverage on Estee Lauder Companies in a research note on Friday, September 9th. They set a “buy” rating and a $105.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 price objective on shares of Estee Lauder Companies in a research note on Friday, August 19th. Piper Jaffray Cos. increased their price objective on Estee Lauder Companies from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Finally, Credit Agricole SA lowered Estee Lauder Companies from a “buy” rating to an “underperform” rating in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$100.78.
Shares of Estee Lauder Companies (NYSE:EL) opened at 78.11 on Wednesday. Estee Lauder Companies has a 12 month low of $76.65 and a 12 month high of $97.48. The company has a market capitalization of $28.62 billion, a PE ratio of 26.67 and a beta of 0.87. The firm has a 50-day moving average of $84.79 and a 200 day moving average of $89.95.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a return on equity of 32.90% and a net margin of 9.73%. The firm earned $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Estee Lauder Companies will post $3.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given 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 dividend yield of 1.74%. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.30. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 40.82%.
In other news, EVP Gregory Polcer sold 3,533 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of C$82.34, for a total transaction of C$290,907.22. Following the sale, the executive vice president now owns 71,309 shares of the company’s stock, valued at C$5,871,583.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Ronald S. Lauder sold 500,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of C$88.91, for a total value of C$44,455,000.00. Following the sale, the chairman now directly owns 608,500 shares in the company, valued at approximately C$54,101,735. The disclosure for this sale can be found here. Insiders own 16.98% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Creative Planning raised its stake 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 in the last quarter. Atria Investments LLC purchased a new stake in shares of Estee Lauder Companies during the second quarter worth about $260,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Estee Lauder Companies by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 446,821 shares of the company’s stock worth $40,669,000 after buying an additional 6,745 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Estee Lauder Companies by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 57,615 shares of the company’s stock worth $5,244,000 after buying an additional 3,584 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Estee Lauder Companies by 2.3% in the second quarter. DNB Asset Management AS now owns 17,980 shares of the company’s stock worth $1,637,000 after buying an additional 400 shares in the last quarter. 54.84% of the stock is currently owned by institutional investors.
About Estee Lauder Companies
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.
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