Estée Lauder Companies (NYSE:EL) Given “Buy” Rating at DA Davidson

DA Davidson reissued their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a report issued on Wednesday morning,Benzinga reports. DA Davidson currently has a $81.00 target price on the stock.

A number of other analysts also recently issued reports on EL. Morgan Stanley cut their price target on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. B. Riley reduced their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target 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 objective on the stock. in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $113.00 to $74.00 in a research note on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.57.

Estée Lauder Companies Stock Up 4.6 %

Shares of NYSE:EL opened at $69.93 on Wednesday. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $82.78 and a two-hundred day moving average of $98.48. The stock has a market cap of $25.10 billion, a P/E ratio of 124.88, a PEG ratio of 3.91 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. On average, research analysts expect that Estée Lauder Companies will post 1.59 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. This trade represents a 6.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Fribourg acquired 75,500 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Orion Portfolio Solutions LLC lifted its stake in Estée Lauder Companies by 6.4% during the first quarter. Orion Portfolio Solutions LLC now owns 5,779 shares of the company’s stock worth $891,000 after purchasing an additional 347 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Estée Lauder Companies by 19.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,942 shares of the company’s stock worth $1,687,000 after buying an additional 1,755 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $239,000. National Bank of Canada FI boosted its holdings in shares of Estée Lauder Companies by 47.8% in the 1st quarter. National Bank of Canada FI now owns 103,476 shares of the company’s stock valued at $15,951,000 after buying an additional 33,459 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter valued at $35,000. 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.