Estee Lauder Companies (NYSE:EL) had its price objective increased by Royal Bank of Canada to $173.00 in a research report sent to investors on Thursday, March 7th, The Fly reports. Royal Bank of Canada currently has a positive rating on the stock.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Estee Lauder Companies from a hold rating to a buy rating and set a $140.00 price objective on the stock in a research report on Friday, January 18th. Citigroup raised shares of Estee Lauder Companies from a neutral rating to a buy rating and boosted their price target for the company from $145.00 to $155.00 in a research report on Wednesday, January 2nd. Piper Jaffray Companies reissued a buy rating and issued a $151.00 price target on shares of Estee Lauder Companies in a research report on Monday, December 31st. ValuEngine raised shares of Estee Lauder Companies from a hold rating to a buy rating in a report on Wednesday, January 30th. Finally, Deutsche Bank upped their price objective on shares of Estee Lauder Companies to $167.00 and gave the company a buy rating in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $155.73.
NYSE:EL opened at $159.44 on Thursday. The firm has a market capitalization of $57.50 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 2.53 and a beta of 0.72. Estee Lauder Companies has a 12 month low of $121.47 and a 12 month high of $160.83. The company has a quick ratio of 1.27, a current ratio of 1.71 and a debt-to-equity ratio of 0.78.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a net margin of 11.49% and a return on equity of 40.38%. The business had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Estee Lauder Companies will post 5.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, February 27th. Estee Lauder Companies’s payout ratio is 38.14%.
In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 25,296 shares of Estee Lauder Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $158.71, for a total transaction of $4,014,728.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rose Marie Bravo sold 12,159 shares of Estee Lauder Companies stock in a transaction on Monday, March 11th. The stock was sold at an average price of $157.68, for a total transaction of $1,917,231.12. Following the transaction, the director now directly owns 11,813 shares of the company’s stock, valued at $1,862,673.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 600,774 shares of company stock worth $91,688,069. 16.13% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EL. HC Financial Advisors Inc. bought a new stake in shares of Estee Lauder Companies in the third quarter valued at about $975,000. Victory Capital Management Inc. raised its holdings in shares of Estee Lauder Companies by 8.6% in the third quarter. Victory Capital Management Inc. now owns 30,187 shares of the company’s stock valued at $4,387,000 after acquiring an additional 2,381 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Estee Lauder Companies by 54.9% in the third quarter. Private Advisor Group LLC now owns 13,050 shares of the company’s stock valued at $1,896,000 after acquiring an additional 4,624 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Estee Lauder Companies in the third quarter valued at about $570,000. Finally, Commerce Bank raised its holdings in shares of Estee Lauder Companies by 9.1% in the third quarter. Commerce Bank now owns 15,902 shares of the company’s stock valued at $2,311,000 after acquiring an additional 1,324 shares in the last quarter. 55.09% of the stock is owned by institutional investors.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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