Estée Lauder Companies (NYSE:EL) Stock Rating Reaffirmed by Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research report report published on Thursday, Benzinga reports. Telsey Advisory Group currently has a $105.00 target price on the stock.

EL has been the topic of a number of other reports. Piper Sandler boosted their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $100.00 in a report on Friday, August 16th. Evercore ISI dropped their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Finally, Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.91.

Estée Lauder Companies Stock Performance

Shares of NYSE EL traded up $0.05 during mid-day trading on Thursday, hitting $88.68. The company had a trading volume of 164,522 shares, compared to its average volume of 3,174,830. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 1.58 and a beta of 1.01. The firm’s 50 day simple moving average is $91.58 and its two-hundred day simple moving average is $109.15. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. Estée Lauder Companies has a 12 month low of $82.39 and a 12 month high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Insider Activity

In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Armistice Capital LLC grew its stake in shares of Estée Lauder Companies by 111.8% during the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after buying an additional 96,239 shares during the last quarter. BNP Paribas purchased a new stake in shares of Estée Lauder Companies during the first quarter worth about $997,000. Marshall Wace LLP increased its holdings in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after purchasing an additional 1,920,439 shares during the period. Headlands Technologies LLC bought a new stake in shares of Estée Lauder Companies in the 2nd quarter worth approximately $6,043,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Estée Lauder Companies in the second quarter worth $558,000. Hedge funds and other institutional investors 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, and powders, as well as compacts, brushes, and other makeup tools.