Deutsche Bank Aktiengesellschaft Cuts Estée Lauder Companies (NYSE:EL) Price Target to $159.00

Estée Lauder Companies (NYSE:EL) had its price objective cut by Deutsche Bank Aktiengesellschaft from $160.00 to $159.00 in a report released on Wednesday morning.

EL has been the topic of several other reports. Raymond James upped their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a strong-buy rating in a research report on Tuesday, February 6th. Bernstein Bank upped their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday. Barclays lifted their price target on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the stock an equal weight rating in a report on Thursday, April 25th. The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a neutral rating and a $145.00 price objective on the stock. Finally, StockNews.com cut shares of Estée Lauder Companies from a hold rating to a sell rating in a research note on Wednesday, February 14th. Seventeen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of Hold and a consensus target price of $160.92.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $132.95 on Wednesday. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $209.64. The company has a market capitalization of $47.66 billion, a P/E ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $146.22 and a two-hundred day moving average price of $138.23.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the company posted $0.47 EPS. The company’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.32%.

Institutional Trading of Estée Lauder Companies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Estée Lauder Companies in the fourth quarter valued at $518,975,000. Jennison Associates LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter worth about $291,171,000. Lazard Asset Management LLC raised its stake in shares of Estée Lauder Companies by 68.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after purchasing an additional 1,512,982 shares in the last quarter. FMR LLC lifted its position in shares of Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after purchasing an additional 1,387,271 shares during the last quarter. Finally, Carmignac Gestion lifted its position in shares of Estée Lauder Companies by 1,908.0% during the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after purchasing an additional 1,136,201 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, 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.