Analysts Set Estee Lauder Companies Inc (NYSE:EL) PT at $193.82

Estee Lauder Companies Inc (NYSE:EL) has been assigned a consensus rating of “Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $193.82.

Several research analysts recently weighed in on EL shares. Deutsche Bank dropped their price target on Estee Lauder Companies from $220.00 to $214.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada increased their price objective on Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. Raymond James reissued an “outperform” rating and set a $202.00 price objective (down previously from $216.00) on shares of Estee Lauder Companies in a report on Friday, November 1st. They noted that the move was a valuation call. ValuEngine lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co increased their price objective on Estee Lauder Companies from $175.00 to $190.00 and gave the company a “market perform” rating in a report on Monday, August 19th.

In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 6,608 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total value of $1,346,578.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fabrizio Freda sold 28,819 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $206.51, for a total value of $5,951,411.69. Following the completion of the sale, the chief executive officer now owns 93,360 shares of the company’s stock, valued at approximately $19,279,773.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,214,755 shares of company stock valued at $434,929,789. 14.68% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in EL. Magellan Asset Management Ltd bought a new stake in shares of Estee Lauder Companies in the second quarter valued at about $442,334,000. Nuveen Asset Management LLC lifted its position in Estee Lauder Companies by 41,387.9% during the second quarter. Nuveen Asset Management LLC now owns 2,343,235 shares of the company’s stock valued at $429,069,000 after purchasing an additional 2,337,587 shares during the last quarter. Morgan Stanley lifted its position in Estee Lauder Companies by 104.8% during the second quarter. Morgan Stanley now owns 3,750,994 shares of the company’s stock valued at $686,843,000 after purchasing an additional 1,919,751 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Estee Lauder Companies during the second quarter valued at $115,836,000. Finally, Bank of Montreal Can lifted its position in Estee Lauder Companies by 130.6% during the second quarter. Bank of Montreal Can now owns 834,111 shares of the company’s stock valued at $152,734,000 after purchasing an additional 472,325 shares during the last quarter. Institutional investors own 54.90% of the company’s stock.

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Shares of NYSE EL traded up $0.13 during mid-day trading on Thursday, hitting $187.27. 915,389 shares of the company traded hands, compared to its average volume of 1,704,993. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $207.50. The stock has a market capitalization of $66.38 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 2.44 and a beta of 0.76. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $190.85 and a two-hundred day moving average of $184.20.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.07. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.85 billion. Estee Lauder Companies had a return on equity of 46.14% and a net margin of 12.34%. Estee Lauder Companies’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. As a group, research analysts anticipate that Estee Lauder Companies will post 5.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.48 per share. This is an increase from Estee Lauder Companies’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, November 27th. This represents a $1.92 annualized dividend and a yield of 1.03%. Estee Lauder Companies’s dividend payout ratio is presently 32.21%.

About Estee Lauder Companies

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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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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