Estée Lauder Companies (NYSE:EL) Research Coverage Started at CICC Research

CICC Research started coverage on shares of Estée Lauder Companies (NYSE:EL) in a research report released on Friday,Benzinga reports. The brokerage issued a market perform rating and a $82.00 price target on the stock.

Several other brokerages also recently commented on EL. Wells Fargo & Company downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $105.00 to $72.00 in a research report on Thursday, October 31st. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Piper Sandler lifted their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $97.82.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $74.62 on Friday. Estée Lauder Companies has a 12-month low of $62.29 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 50-day moving average price of $74.73 and a 200-day moving average price of $89.22. The firm has a market capitalization of $26.79 billion, a PE ratio of 133.25, a price-to-earnings-growth ratio of 5.33 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, equities research analysts forecast that Estée Lauder Companies will post 1.46 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.88%. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

Insider Transactions at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 75,500 shares of the stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s 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 sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors have recently bought and sold shares of the business. Armistice Capital LLC increased its stake in shares of Estée Lauder Companies by 111.8% in 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 during the period. Franklin Resources Inc. grew its position in Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after purchasing an additional 45,687 shares during the period. Paloma Partners Management Co raised its stake in shares of Estée Lauder Companies by 729.4% during the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after buying an additional 41,773 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd lifted its holdings in shares of Estée Lauder Companies by 40.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company’s stock valued at $11,067,000 after buying an additional 32,215 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

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.