Estée Lauder Companies (NYSE:EL) Upgraded to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Estée Lauder Companies (NYSE:ELGet Rating) from a neutral rating to a buy rating in a research report report published on Tuesday morning, The Fly reports.

A number of other research analysts also recently issued reports on the company. DA Davidson cut their price target on Estée Lauder Companies from $342.00 to $318.00 and set a buy rating on the stock in a report on Tuesday, August 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Estée Lauder Companies from $266.00 to $280.00 in a report on Friday, August 19th. UBS Group raised their price objective on shares of Estée Lauder Companies from $266.00 to $289.00 and gave the company a neutral rating in a research report on Friday, August 19th. Royal Bank of Canada lowered their target price on shares of Estée Lauder Companies from $322.00 to $313.00 and set an outperform rating for the company in a research note on Friday, August 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Estée Lauder Companies from $270.00 to $265.00 in a research report on Thursday, July 21st. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $318.65.

Estée Lauder Companies Stock Performance

Shares of EL opened at $239.50 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. Estée Lauder Companies has a 52 week low of $225.39 and a 52 week high of $374.20. The business has a 50-day simple moving average of $259.90 and a two-hundred day simple moving average of $258.55. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.21 and a beta of 0.99.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. Estée Lauder Companies had a return on equity of 43.78% and a net margin of 13.48%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. On average, analysts expect that Estée Lauder Companies will post 7.51 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, August 30th. Estée Lauder Companies’s payout ratio is 36.81%.

Insiders Place Their Bets

In related news, Director Barry S. Sternlicht sold 4,736 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $274.31, for a total value of $1,299,132.16. Following the completion of the sale, the director now directly owns 30,982 shares in the company, valued at approximately $8,498,672.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Fabrizio Freda sold 19,709 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $268.01, for a total transaction of $5,282,209.09. Following the transaction, the chief executive officer now owns 116,792 shares in the company, valued at approximately $31,301,423.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Barry S. Sternlicht sold 4,736 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $274.31, for a total transaction of $1,299,132.16. Following the completion of the transaction, the director now owns 30,982 shares in the company, valued at $8,498,672.42. The disclosure for this sale can be found here. Insiders have sold a total of 39,727 shares of company stock valued at $10,591,510 in the last quarter. 12.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds have recently bought and sold shares of EL. BlackRock Inc. increased its stake in Estée Lauder Companies by 13.1% during the 4th quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock valued at $6,276,099,000 after purchasing an additional 1,969,898 shares in the last quarter. State Street Corp grew its position in Estée Lauder Companies by 1.9% during the first quarter. State Street Corp now owns 9,946,170 shares of the company’s stock valued at $2,708,541,000 after acquiring an additional 184,272 shares during the last quarter. Fundsmith LLP lifted its stake in Estée Lauder Companies by 4.9% in the fourth quarter. Fundsmith LLP now owns 7,165,161 shares of the company’s stock worth $2,652,543,000 after acquiring an additional 333,409 shares during the period. Jennison Associates LLC lifted its position in Estée Lauder Companies by 3.3% during the second quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock valued at $1,676,545,000 after buying an additional 212,961 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Estée Lauder Companies by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,493,915 shares of the company’s stock valued at $889,795,000 after acquiring an additional 80,313 shares in the last quarter. 56.96% of the stock is owned by institutional investors.

Estée Lauder Companies Company Profile

(Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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