Piper Sandler Cuts Estée Lauder Companies (NYSE:EL) Price Target to $108.00

Estée Lauder Companies (NYSE:EL) had its price target reduced by Piper Sandler from $141.00 to $108.00 in a research report report published on Thursday, MarketBeat.com reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Wells Fargo & Company dropped their price target on Estée Lauder Companies from $163.00 to $130.00 and set an overweight rating on the stock in a research note on Wednesday, July 10th. Bernstein Bank upped their target price on Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. Bank of America dropped their target price on Estée Lauder Companies from $170.00 to $140.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Finally, Citigroup upgraded Estée Lauder Companies from a neutral rating to a buy rating and upped their target price for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Sixteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $151.67.

Estée Lauder Companies Price Performance

EL opened at $103.36 on Thursday. The business’s 50-day moving average is $119.20 and its two-hundred day moving average is $134.35. Estée Lauder Companies has a 1 year low of $101.35 and a 1 year high of $194.42. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $37.06 billion, a PE ratio of 58.07, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s payout ratio is 148.31%.

Insider Buying and Selling

In related news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares in the company, valued at $6,958,990.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Several large investors have recently added to or reduced their stakes in EL. Neo Ivy Capital Management purchased a new stake in Estée Lauder Companies in the 3rd quarter valued at $280,000. American Century Companies Inc. grew its holdings in shares of Estée Lauder Companies by 11.6% during the 3rd quarter. American Century Companies Inc. now owns 465,885 shares of the company’s stock worth $67,344,000 after purchasing an additional 48,273 shares during the period. Financial Insights Inc. acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter worth about $355,000. Hudson Bay Capital Management LP purchased a new stake in Estée Lauder Companies in the 3rd quarter valued at about $1,801,000. Finally, Sunbelt Securities Inc. raised its holdings in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after buying an additional 125 shares during the period. 55.15% of the stock is currently 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.