Estee Lauder Companies Inc (NYSE:EL) has been assigned an average recommendation of “Hold” from the twenty-one research firms that are presently covering the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $96.90.
Several research analysts have recently commented on the company. Societe Generale downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $90.00 to $93.00 in a report on Monday. Deutsche Bank AG decreased their price objective on Estee Lauder Companies from $102.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. BMO Capital Markets reiterated a “sell” rating on shares of Estee Lauder Companies in a report on Thursday, May 4th. Vetr downgraded Estee Lauder Companies from a “strong-buy” rating to a “buy” rating and set a $101.50 price objective on the stock. in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC set a $91.00 price objective on Estee Lauder Companies and gave the stock a “hold” rating in a report on Wednesday, May 3rd.
In other Estee Lauder Companies news, insider John Demsey sold 23,304 shares of Estee Lauder Companies stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $94.00, for a total transaction of $2,190,576.00. Following the sale, the insider now directly owns 23,304 shares of the company’s stock, valued at approximately $2,190,576. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director G. Scott Paterson acquired 500,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of $0.07 per share, for a total transaction of $35,000.00. Over the last ninety days, insiders have sold 60,981 shares of company stock worth $5,524,621. Insiders own 16.98% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Moors & Cabot Inc. boosted its stake in Estee Lauder Companies by 0.9% in the third quarter. Moors & Cabot Inc. now owns 3,785 shares of the company’s stock valued at $336,000 after buying an additional 35 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Estee Lauder Companies by 0.9% in the first quarter. Cleararc Capital Inc. now owns 5,035 shares of the company’s stock worth $427,000 after buying an additional 46 shares in the last quarter. TCW Group Inc. boosted its stake in shares of Estee Lauder Companies by 0.3% in the fourth quarter. TCW Group Inc. now owns 16,400 shares of the company’s stock worth $1,254,000 after buying an additional 50 shares in the last quarter. Princeton Portfolio Strategies Group LLC boosted its stake in shares of Estee Lauder Companies by 1.4% in the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 3,657 shares of the company’s stock worth $280,000 after buying an additional 50 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of Estee Lauder Companies by 2.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,501 shares of the company’s stock worth $192,000 after buying an additional 51 shares in the last quarter. 55.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Estee Lauder Companies (NYSE:EL) traded up 1.08% during midday trading on Friday, hitting $92.37. The stock had a trading volume of 3,273,106 shares. The stock has a market cap of $33.98 billion, a price-to-earnings ratio of 30.96 and a beta of 0.86. The firm’s 50-day moving average price is $88.01 and its 200-day moving average price is $82.68. Estee Lauder Companies has a 1-year low of $75.29 and a 1-year high of $95.38.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.18. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Estee Lauder Companies had a return on equity of 32.36% and a net margin of 9.50%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. Analysts forecast that Estee Lauder Companies will post $3.40 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.36 annualized dividend and a yield of 1.49%. Estee Lauder Companies’s payout ratio is 46.90%.
Estee Lauder Companies Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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