Estée Lauder Companies (NYSE:EL) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research note released on Tuesday,Benzinga reports. They currently have a $76.00 price target on the stock.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Thursday, October 31st. HSBC lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Wednesday, October 16th. B. Riley cut their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Barclays lifted their price target on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Finally, UBS Group lifted their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average target price of $92.36.

Estée Lauder Companies Stock Down 0.7 %

Shares of NYSE EL opened at $82.97 on Tuesday. The stock has a market cap of $29.78 billion, a P/E ratio of 148.16, a P/E/G ratio of 5.60 and a beta of 1.02. The firm has a 50 day moving average price of $75.75 and a 200 day moving average price of $84.33. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. Analysts expect that Estée Lauder Companies will post 1.51 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 250.00%.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 77,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Centre Asset Management LLC acquired a new position in shares of Estée Lauder Companies in the fourth quarter valued at about $8,585,000. Franklin Resources Inc. grew its stake in Estée Lauder Companies by 47.5% during the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after buying an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC grew its stake in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after buying an additional 3,524 shares in the last quarter. Paloma Partners Management Co grew its stake in Estée Lauder Companies by 729.4% during the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after buying an additional 41,773 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.