Estée Lauder Companies (NYSE:EL) PT Lowered to $105.00 at Citigroup

Estée Lauder Companies (NYSE:EL) had its price objective cut by Citigroup from $110.00 to $105.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on EL. DA Davidson decreased their target price on Estée Lauder Companies from $191.00 to $130.00 and set a buy rating for the company in a research note on Tuesday. Bernstein Bank boosted their price objective on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Stifel Nicolaus reduced their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a buy rating for the company in a research note on Tuesday. Evercore ISI reduced their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an outperform rating for the company in a research note on Tuesday. Finally, Raymond James cut Estée Lauder Companies from a strong-buy rating to a market perform rating in a research note on Monday, July 22nd. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $124.39.

Estée Lauder Companies Price Performance

EL stock opened at $91.44 on Tuesday. The business has a 50 day moving average price of $101.24 and a 200 day moving average price of $126.48. The stock has a market cap of $32.79 billion, a price-to-earnings ratio of 51.37, a PEG ratio of 1.79 and a beta of 0.99. Estée Lauder Companies has a fifty-two week low of $86.05 and a fifty-two week high of $165.76. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. Equities research analysts anticipate that Estée Lauder Companies will post 2.21 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Buying and Selling

In related news, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Large investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in Estée Lauder Companies in the first quarter valued at $26,000. Hexagon Capital Partners LLC raised its position in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC purchased a new stake in Estée Lauder Companies in the 1st quarter valued at approximately $35,000. Chilton Capital Management LLC lifted its stake in Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after buying an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC grew 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 buying an additional 261 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.