Estée Lauder Companies (NYSE:EL) Price Target Lowered to $70.00 at TD Cowen

Estée Lauder Companies (NYSE:EL) had its price objective reduced by TD Cowen from $95.00 to $70.00 in a report issued on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms have also recently commented on EL. Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Morgan Stanley dropped their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Barclays lowered their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Bank of America dropped their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $80.00 in a report on Thursday. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and a consensus target price of $104.18.

Estée Lauder Companies Trading Down 3.4 %

EL stock traded down $2.36 during trading on Friday, reaching $66.58. 11,486,375 shares of the stock were exchanged, compared to its average volume of 3,365,223. 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 firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01. The business has a 50 day moving average price of $90.09 and a 200-day moving average price of $106.42. Estée Lauder Companies has a 1 year low of $63.36 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released 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 analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, research analysts predict that Estée Lauder Companies will post 2.95 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. Investors 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 2.10%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’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 owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction 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 transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lynn Forester sold 3,890 shares of the firm’s 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 directly owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by insiders.

Institutional Trading of Estée Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in EL. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies in the 2nd quarter valued at approximately $30,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the second quarter worth $32,000. Kimelman & Baird LLC purchased a new position in Estée Lauder Companies in the second quarter worth $32,000. Crewe Advisors LLC acquired a new stake in Estée Lauder Companies in the first quarter valued at $35,000. Finally, Larson Financial Group LLC boosted its position in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

About Estée Lauder Companies

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.