Estée Lauder Companies (NYSE:EL) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Estée Lauder Companies (NYSE:ELGet Rating) in a research report sent to investors on Thursday, Marketbeat.com reports. The brokerage issued a hold rating and a $228.00 price objective on the stock.

Several other research firms also recently weighed in on EL. Piper Sandler lifted their price target on shares of Estée Lauder Companies to $325.00 in a research note on Monday, August 22nd. Jefferies Financial Group reduced their price objective on shares of Estée Lauder Companies from $324.00 to $280.00 and set a buy rating for the company in a report on Friday, October 21st. Oppenheimer lifted their price objective on shares of Estée Lauder Companies from $230.00 to $245.00 in a report on Wednesday, November 16th. StockNews.com began coverage on shares of Estée Lauder Companies in a report on Wednesday, October 12th. They set a hold rating for the company. Finally, Raymond James reduced their price objective on shares of Estée Lauder Companies from $280.00 to $245.00 and set a strong-buy rating for the company in a report on Thursday, November 3rd. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $262.41.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $233.46 on Thursday. Estée Lauder Companies has a twelve month low of $186.47 and a twelve month high of $374.20. The firm has a fifty day simple moving average of $219.65 and a 200 day simple moving average of $242.21. The company has a market capitalization of $83.30 billion, a PE ratio of 38.98, a P/E/G ratio of 4.62 and a beta of 0.96. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.10. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Estée Lauder Companies will post 5.35 EPS for the current year.

Estée Lauder Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.13%. This is a boost from Estée Lauder Companies’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, November 29th. Estée Lauder Companies’s payout ratio is presently 40.07%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Barry S. Sternlicht sold 4,736 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $274.31, for a total value of $1,299,132.16. Following the sale, the director now owns 30,982 shares of the company’s stock, valued at $8,498,672.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Barry S. Sternlicht sold 4,736 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $274.31, for a total value of $1,299,132.16. Following the sale, the director now owns 30,982 shares of the company’s stock, valued at $8,498,672.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Hudis Jane Hertzmark sold 6,667 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $274.30, for a total transaction of $1,828,758.10. Following the completion of the sale, the insider now directly owns 24,485 shares in the company, valued at approximately $6,716,235.50. The disclosure for this sale can be found here. Insiders have sold a total of 39,727 shares of company stock worth $10,591,510 over the last three months. 12.75% of the stock is currently owned by insiders.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $25,000. Vigilant Capital Management LLC increased its holdings in Estée Lauder Companies by 280.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares during the period. GoalVest Advisory LLC bought a new position in shares of Estée Lauder Companies in the 2nd quarter worth $31,000. CoreCap Advisors LLC bought a new position in shares of Estée Lauder Companies in the 2nd quarter worth $33,000. Finally, BDO Wealth Advisors LLC increased its holdings in shares of Estée Lauder Companies by 450.0% in the 2nd quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Institutional investors own 56.96% of the company’s stock.

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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