Estée Lauder Companies (NYSE:EL) Given New $75.00 Price Target at Deutsche Bank Aktiengesellschaft

Estée Lauder Companies (NYSE:EL) had its price target reduced by Deutsche Bank Aktiengesellschaft from $98.00 to $75.00 in a research report released on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts have also commented on the stock. Raymond James lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. DA Davidson reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Evercore ISI reduced their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Finally, Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $100.90.

Estée Lauder Companies Stock Up 4.8 %

Shares of EL opened at $66.31 on Monday. The firm has a market capitalization of $23.79 billion, a P/E ratio of 118.41, a P/E/G ratio of 2.36 and a beta of 1.05. Estée Lauder Companies has a 12-month low of $62.88 and a 12-month high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average price of $88.41 and a 200-day moving average price of $104.59.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities research analysts expect that Estée Lauder Companies will post 2 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.11%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 471.43%.

Insiders Place Their Bets

In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated 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 directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were 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 approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,296 shares of company stock valued at $1,423,366 in the last 90 days. 12.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently bought and sold shares of EL. Marshall Wace LLP grew its position 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 worth $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Independent Franchise Partners LLP grew its position in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after buying an additional 1,066,320 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Estée Lauder Companies during the first quarter worth about $82,664,000. 55.15% of the stock is owned by institutional investors and hedge funds.

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.