Estée Lauder Companies (NYSE:EL) Rating Reiterated by DA Davidson

DA Davidson reaffirmed their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a report issued on Wednesday, Benzinga reports. They currently have a $191.00 target price on the stock.

A number of other equities analysts also recently commented on EL. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. 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. Barclays cut their price objective on shares of 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. Telsey Advisory Group reiterated a market perform rating and issued a $115.00 target price on shares of Estée Lauder Companies in a report on Wednesday. Finally, Royal Bank of Canada upgraded shares of Estée Lauder Companies from a sector perform rating to an outperform rating and set a $131.00 price target for the company in a report on Wednesday. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $147.87.

Estée Lauder Companies Trading Up 0.8 %

Shares of EL stock opened at $100.72 on Wednesday. Estée Lauder Companies has a fifty-two week low of $95.87 and a fifty-two week high of $183.20. The firm has a market capitalization of $36.11 billion, a P/E ratio of 56.58, a PEG ratio of 1.84 and a beta of 0.99. The stock’s fifty day moving average is $112.59 and its two-hundred day moving average is $131.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58.

Estée Lauder Companies (NYSE:EL) last posted 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. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. Research analysts expect that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a yield of 2.62%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds have recently added to or reduced their stakes in EL. Rakuten Securities Inc. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in Estée Lauder Companies during the 1st quarter worth $26,000. Hexagon Capital Partners LLC lifted its position in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares during the last quarter. Crewe Advisors LLC acquired a new position in Estée Lauder Companies in the first quarter valued at $35,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Estée Lauder Companies during the fourth quarter worth about $41,000. 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.