Estée Lauder Companies’ (EL) Market Perform Rating Reaffirmed 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 Thursday, Marketbeat reports. They currently have a $105.00 target price on the stock.

A number of other research firms also recently weighed in on EL. UBS Group dropped their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Piper Sandler raised their price target on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Wells Fargo & Company dropped their price objective on Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.82.

Estée Lauder Companies Stock Down 0.5 %

NYSE EL traded down $0.36 during trading on Thursday, reaching $68.58. 4,360,351 shares of the company’s stock were exchanged, compared to its average volume of 3,331,626. The firm has a market capitalization of $24.60 billion, a PE ratio of 63.66, a P/E/G ratio of 1.53 and a beta of 1.01. Estée Lauder Companies has a fifty-two week low of $63.36 and a fifty-two week high of $159.75. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The company’s fifty day simple moving average is $90.63 and its 200-day simple moving average is $106.91.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts predict that Estée Lauder Companies will post 2.95 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 244.44%.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of the firm’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 completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new position in Estée Lauder Companies during the second quarter worth $30,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the 2nd quarter worth about $32,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth about $32,000. Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth about $35,000. Finally, Larson Financial Group LLC lifted its holdings in Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after purchasing an additional 261 shares during the last quarter. Institutional investors and hedge funds 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.