Estée Lauder Companies’ (EL) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a report published on Thursday, MarketBeat.com reports. Telsey Advisory Group currently has a $105.00 price target on the stock.

A number of other research analysts have also recently issued reports on EL. UBS Group decreased their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Bank of America cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $140.00 to $100.00 in a research report on Friday, August 16th. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Wednesday, October 16th. DA Davidson reissued a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Finally, Stifel Nicolaus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Thursday. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $104.18.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $66.58 on Thursday. Estée Lauder Companies has a 12-month low of $63.36 and a 12-month high of $159.75. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The business’s 50-day moving average price is $90.09 and its two-hundred day moving average price is $106.21. The stock has a market cap of $23.88 billion, a PE ratio of 118.89, a P/E/G ratio of 1.21 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts expect that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Armistice Capital LLC increased its holdings in shares of Estée Lauder Companies by 111.8% during the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after acquiring an additional 96,239 shares in the last quarter. BNP Paribas bought a new stake in shares of Estée Lauder Companies during the first quarter valued at approximately $997,000. Marshall Wace LLP increased its holdings in shares of Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Estée Lauder Companies during the second quarter valued at approximately $6,043,000. Finally, Transcend Capital Advisors LLC bought a new stake in shares of Estée Lauder Companies during the second quarter valued at approximately $558,000. 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, and powders, as well as compacts, brushes, and other makeup tools.