Estée Lauder Companies (NYSE:EL) Price Target Cut to $136.00 by Analysts at Barclays

Estée Lauder Companies (NYSE:ELFree Report) had its target price cut by Barclays from $140.00 to $136.00 in a report released on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley cut Estée Lauder Companies from an overweight rating to an equal weight rating and reduced their price objective for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. JPMorgan Chase & Co. reduced their price objective on Estée Lauder Companies from $169.00 to $145.00 and set an overweight rating on the stock in a research note on Thursday, May 2nd. StockNews.com raised Estée Lauder Companies from a sell rating to a hold rating in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $155.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Sixteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Estée Lauder Companies has an average rating of Hold and a consensus target price of $160.75.

Check Out Our Latest Analysis on EL

Estée Lauder Companies Stock Performance

Shares of EL opened at $114.88 on Friday. The firm has a market capitalization of $41.19 billion, a P/E ratio of 64.54, a P/E/G ratio of 3.47 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a 50 day moving average price of $132.16 and a two-hundred day moving average price of $138.68. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $201.56.

Estée Lauder Companies (NYSE:ELGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the company earned $0.47 earnings per share. Estée Lauder Companies’s revenue was up 5.0% compared to the same quarter last year. Equities analysts forecast that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were issued a dividend of $0.66 per share. The ex-dividend date was Friday, May 31st. This represents a $2.64 annualized dividend and a dividend yield of 2.30%. Estée Lauder Companies’s payout ratio is 148.32%.

Insider Activity

In related news, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the transaction, the chief financial officer now directly owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now owns 47,248 shares of the company’s stock, valued at $6,412,971.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,255 shares of company stock worth $5,453,232. Insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of large investors have recently added to or reduced their stakes in EL. Atria Wealth Solutions Inc. grew its position in Estée Lauder Companies by 9.3% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 2,199 shares of the company’s stock worth $318,000 after purchasing an additional 188 shares during the period. Aviva PLC grew its position in Estée Lauder Companies by 11.9% in the 3rd quarter. Aviva PLC now owns 92,059 shares of the company’s stock worth $13,307,000 after purchasing an additional 9,783 shares during the period. Checchi Capital Advisers LLC grew its position in Estée Lauder Companies by 41.5% in the 3rd quarter. Checchi Capital Advisers LLC now owns 3,048 shares of the company’s stock worth $441,000 after purchasing an additional 894 shares during the period. Kestra Advisory Services LLC grew its position in Estée Lauder Companies by 8.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 6,289 shares of the company’s stock worth $909,000 after purchasing an additional 476 shares during the period. Finally, Prudential PLC grew its position in Estée Lauder Companies by 160.5% in the 3rd quarter. Prudential PLC now owns 28,963 shares of the company’s stock worth $4,187,000 after purchasing an additional 17,844 shares during the period. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

(Get Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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