Analysts Set Estee Lauder Companies Inc. (EL) PT at $98.90
Shares of Estee Lauder Companies Inc. (NYSE:EL) have earned an average recommendation of “Buy” from the twenty-one analysts that are covering the firm. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $98.90.
Several equities research analysts have recently commented on EL shares. Piper Jaffray Cos. downgraded shares of Estee Lauder Companies from an “overweight” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Thursday, October 13th. Zacks Investment Research downgraded shares of Estee Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 24th. Vetr upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $94.06 target price on the stock in a research note on Tuesday, August 30th. Stifel Nicolaus set a $99.00 target price on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 24th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Estee Lauder Companies in a research note on Tuesday, November 15th.
In related news, insider Cedric Prouve sold 82,608 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $88.97, for a total value of $7,349,633.76. Following the completion of the transaction, the insider now directly owns 277,578 shares in the company, valued at approximately $24,696,114.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Ronald S. Lauder sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $88.91, for a total value of $44,455,000.00. Following the completion of the transaction, the chairman now owns 608,500 shares of the company’s stock, valued at $54,101,735. The disclosure for this sale can be found here. 16.98% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of EL. First Heartland Consultants Inc. acquired a new position in shares of Estee Lauder Companies during the third quarter valued at about $265,000. ETRADE Capital Management LLC increased its position in Estee Lauder Companies by 135.7% in the third quarter. ETRADE Capital Management LLC now owns 5,792 shares of the company’s stock worth $513,000 after buying an additional 3,335 shares during the period. D.A. Davidson & CO. increased its position in Estee Lauder Companies by 350.9% in the third quarter. D.A. Davidson & CO. now owns 2,791 shares of the company’s stock worth $246,000 after buying an additional 2,172 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Estee Lauder Companies during the third quarter worth $3,947,000. Finally, Credit Suisse AG increased its position in Estee Lauder Companies by 30.0% in the third quarter. Credit Suisse AG now owns 583,908 shares of the company’s stock worth $51,712,000 after buying an additional 134,736 shares during the period. Institutional investors and hedge funds own 54.65% of the company’s stock.
Estee Lauder Companies (NYSE:EL) opened at 77.78 on Tuesday. The stock’s 50 day moving average is $83.38 and its 200 day moving average is $89.36. The company has a market cap of $28.50 billion, a price-to-earnings ratio of 26.56 and a beta of 0.87. Estee Lauder Companies has a 52-week low of $76.65 and a 52-week high of $97.48.
Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Estee Lauder Companies will post $3.42 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a $0.34 dividend. The ex-dividend date of this dividend is Monday, November 28th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 1.75%. Estee Lauder Companies’s payout ratio is currently 40.82%.
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.
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