Investment Analysts’ Weekly Ratings Updates for Estée Lauder Companies (EL)

Posted by Caroline Horne on Nov 14th, 2024

Estée Lauder Companies (NYSE: EL) recently received a number of ratings updates from brokerages and research firms:

11/4/2024 – Estée Lauder Companies had its price target lowered by analysts at B. Riley from $95.00 to $70.00. They now have a “neutral” rating on the stock.
11/4/2024 – Estée Lauder Companies had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $98.00 to $75.00. They now have a “hold” rating on the stock.
11/1/2024 – Estée Lauder Companies had its price target lowered by analysts at Royal Bank of Canada from $131.00 to $100.00. They now have an “outperform” rating on the stock.
11/1/2024 – Estée Lauder Companies had its price target lowered by analysts at Bank of America Co. from $100.00 to $75.00. They now have a “neutral” rating on the stock.
11/1/2024 – Estée Lauder Companies had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $100.00 to $75.00. They now have a “neutral” rating on the stock.
11/1/2024 – Estée Lauder Companies was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $74.00 price target on the stock, down previously from $113.00.
11/1/2024 – Estée Lauder Companies had its price target lowered by analysts at TD Cowen from $95.00 to $70.00. They now have a “hold” rating on the stock.
11/1/2024 – Estée Lauder Companies had its price target lowered by analysts at Canaccord Genuity Group Inc. from $100.00 to $75.00. They now have a “hold” rating on the stock.
11/1/2024 – Estée Lauder Companies had its price target lowered by analysts at Morgan Stanley from $100.00 to $85.00. They now have an “equal weight” rating on the stock.
10/31/2024 – Estée Lauder Companies was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $80.00 price target on the stock, down previously from $105.00.
10/31/2024 – Estée Lauder Companies had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $105.00 price target on the stock.
10/31/2024 – Estée Lauder Companies was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $125.00 price target on the stock.
10/31/2024 – Estée Lauder Companies was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $72.00 price target on the stock, down previously from $105.00.
10/29/2024 – Estée Lauder Companies had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $130.00 price target on the stock.
10/24/2024 – Estée Lauder Companies had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $105.00 price target on the stock.
10/16/2024 – Estée Lauder Companies was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
10/16/2024 – Estée Lauder Companies was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $100.00 price target on the stock.
10/15/2024 – Estée Lauder Companies had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $130.00 price target on the stock.
10/11/2024 – Estée Lauder Companies had its price target raised by analysts at JPMorgan Chase & Co. from $105.00 to $113.00. They now have an “overweight” rating on the stock.
10/1/2024 – Estée Lauder Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
9/30/2024 – Estée Lauder Companies had its price target raised by analysts at Piper Sandler from $114.00 to $122.00. They now have an “overweight” rating on the stock.
9/24/2024 – Estée Lauder Companies had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $130.00 price target on the stock.
9/20/2024 – Estée Lauder Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Estée Lauder Companies Stock Up 3.1 %

Shares of EL stock traded up $1.97 on Thursday, reaching $64.83. 3,997,556 shares of the company were exchanged, compared to its average volume of 3,461,277. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The company has a market cap of $23.27 billion, a price-to-earnings ratio of 115.77, a PEG ratio of 3.79 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The company has a 50-day moving average of $85.64 and a 200-day moving average of $101.68.

Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.11 EPS. Analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 2.16%. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction 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 transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The trade was a 6.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,296 shares of company stock valued at $1,423,366. Company insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Armistice Capital LLC boosted its stake in Estée Lauder Companies by 111.8% during the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after acquiring an additional 96,239 shares in the last quarter. Marshall Wace LLP raised 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 purchasing an additional 1,920,439 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Estée Lauder Companies during the second quarter valued at approximately $6,043,000. Transcend Capital Advisors LLC purchased a new position in shares of Estée Lauder Companies during the second quarter valued at approximately $558,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Estée Lauder Companies by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 367,218 shares of the company’s stock valued at $56,608,000 after purchasing an additional 5,915 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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.