Posted by admin on May 20th, 2022
Shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) have been given a consensus rating of “Buy” by the twenty-three brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $329.75.
A number of research firms have weighed in on EL. Barclays reduced their price objective on Estée Lauder Companies from $360.00 to $342.00 and set an “overweight” rating for the company in a research note on Monday, February 7th. Royal Bank of Canada cut their price target on Estée Lauder Companies from $361.00 to $322.00 in a research note on Wednesday, May 4th. Morgan Stanley cut their price target on Estée Lauder Companies from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 4th. Raymond James cut their price target on Estée Lauder Companies from $345.00 to $320.00 in a research note on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $289.00 to $274.00 in a research note on Wednesday, May 4th.
In other news, Director Charlene Barshefsky sold 1,158 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $238.34, for a total transaction of $275,997.72. Following the transaction, the director now directly owns 46,828 shares in the company, valued at approximately $11,160,985.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 13.95% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc acquired a new position in Estée Lauder Companies in the third quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in Estée Lauder Companies in the fourth quarter valued at approximately $25,000. American National Bank lifted its holdings in Estée Lauder Companies by 147.6% in the first quarter. American National Bank now owns 104 shares of the company’s stock valued at $28,000 after acquiring an additional 62 shares during the last quarter. Icapital Wealth LLC acquired a new position in Estée Lauder Companies in the first quarter valued at approximately $29,000. Finally, Harbor Investment Advisory LLC lifted its stake in Estée Lauder Companies by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.
EL traded up $2.32 on Friday, reaching $237.70. 86,786 shares of the stock were exchanged, compared to its average volume of 1,976,708. The company’s 50-day moving average price is $261.37 and its 200 day moving average price is $305.39. Estée Lauder Companies has a fifty-two week low of $225.39 and a fifty-two week high of $374.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.75 and a quick ratio of 1.23. The firm has a market capitalization of $84.94 billion, a PE ratio of 25.88, a PEG ratio of 2.97 and a beta of 1.04.
Estée Lauder Companies (NYSE:EL – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.23. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.32 billion. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $1.62 EPS. As a group, equities analysts forecast that Estée Lauder Companies will post 7.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio is currently 26.26%.
About Estée Lauder Companies (Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company 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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