The Estée Lauder Companies Inc. (NYSE:EL) Given Consensus Rating of “Moderate Buy” by Brokerages

The Estée Lauder Companies Inc. (NYSE:ELGet Rating) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $317.78.

A number of research firms have commented on EL. Royal Bank of Canada reduced their target price on Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating for the company in a report on Friday, August 19th. The Goldman Sachs Group raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $298.00 to $303.00 in a report on Tuesday. Credit Suisse Group reduced their target price on Estée Lauder Companies from $310.00 to $308.00 and set an “outperform” rating for the company in a report on Friday, August 19th. Deutsche Bank Aktiengesellschaft raised their target price on Estée Lauder Companies from $266.00 to $280.00 in a report on Friday, August 19th. Finally, Piper Sandler raised their price target on Estée Lauder Companies to $325.00 in a research report on Monday, August 22nd.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $237.86 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.60 and a quick ratio of 1.10. The stock has a fifty day moving average price of $259.65 and a 200 day moving average price of $258.27. Estée Lauder Companies has a 1-year low of $225.39 and a 1-year high of $374.20. The company has a market cap of $84.89 billion, a PE ratio of 36.48, a P/E/G ratio of 3.24 and a beta of 0.99.

Estée Lauder Companies (NYSE:ELGet Rating) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts forecast that Estée Lauder Companies will post 7.51 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is 36.81%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Wei Sun Christianson sold 1,056 shares of Estée Lauder Companies stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $261.52, for a total value of $276,165.12. Following the completion of the sale, the director now owns 10,402 shares in the company, valued at approximately $2,720,331.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Estée Lauder Companies news, Director Wei Sun Christianson sold 1,056 shares of Estée Lauder Companies stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $261.52, for a total value of $276,165.12. Following the completion of the sale, the director now owns 10,402 shares in the company, valued at approximately $2,720,331.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carl P. Haney sold 7,559 shares of Estée Lauder Companies stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $252.05, for a total value of $1,905,245.95. Following the completion of the sale, the executive vice president now owns 3,296 shares of the company’s stock, valued at approximately $830,756.80. The disclosure for this sale can be found here. Insiders sold 39,727 shares of company stock worth $10,591,510 in the last 90 days. 12.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in shares of Estée Lauder Companies in the 2nd quarter valued at about $25,000. American National Bank lifted its position in Estée Lauder Companies by 147.6% during the 1st quarter. American National Bank now owns 104 shares of the company’s stock worth $28,000 after acquiring an additional 62 shares in the last quarter. Icapital Wealth LLC acquired a new position in Estée Lauder Companies during the 1st quarter worth approximately $29,000. Finally, Key Financial Inc lifted its position in Estée Lauder Companies by 2,180.0% during the 1st quarter. Key Financial Inc now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. 56.96% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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