Estée Lauder Companies (NYSE:EL) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a report published on Wednesday, Benzinga reports. They currently have a $115.00 price target on the stock.

Other research analysts have also issued research reports about the company. Barclays reduced their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an equal weight rating for the company in a research report on Friday, July 19th. Wells Fargo & Company lowered their price target on Estée Lauder Companies from $163.00 to $130.00 and set an overweight rating for the company in a research report on Wednesday, July 10th. Raymond James downgraded shares of Estée Lauder Companies from a strong-buy rating to a market perform rating in a research report on Monday, July 22nd. UBS Group raised shares of Estée Lauder Companies to a hold rating in a report on Friday, July 12th. Finally, StockNews.com raised shares of Estée Lauder Companies from a sell rating to a hold rating in a research report on Thursday, May 2nd. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $147.87.

Estée Lauder Companies Price Performance

EL opened at $100.72 on Wednesday. Estée Lauder Companies has a 12-month low of $95.87 and a 12-month high of $183.20. The company has a market cap of $36.11 billion, a price-to-earnings ratio of 56.58, a price-to-earnings-growth ratio of 1.84 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $112.59 and a two-hundred day simple moving average of $131.47.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. Research analysts predict that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, May 31st. Estée Lauder Companies’s dividend payout ratio is presently 148.32%.

Insider Activity

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the sale, the insider now owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction 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 owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Jueptner sold 12,786 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the sale, the insider now owns 5,578 shares of the company’s stock, valued at approximately $728,598.36. The disclosure for this sale can be found here. Insiders sold a total of 42,255 shares of company stock valued at $5,453,232 in the last 90 days. Company insiders own 12.77% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Several institutional investors have recently made changes to their positions in EL. Rakuten Securities Inc. purchased a new position in Estée Lauder Companies during the fourth quarter valued at $26,000. Riverview Trust Co bought a new position in shares of Estée Lauder Companies during the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC grew its position in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the first quarter worth about $35,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

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.