Estée Lauder Companies (NYSE:EL) PT Raised to $167.00

Estée Lauder Companies (NYSE:ELFree Report) had its price objective hoisted by JPMorgan Chase & Co. from $150.00 to $167.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently issued reports on EL. Bank of America dropped their price target on Estée Lauder Companies from $175.00 to $148.00 and set a neutral rating for the company in a research report on Tuesday, October 17th. The Goldman Sachs Group dropped their price target on Estée Lauder Companies from $185.00 to $141.00 and set a buy rating for the company in a research report on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft downgraded Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price target for the company. in a research report on Tuesday, January 2nd. Morgan Stanley dropped their price target on Estée Lauder Companies from $200.00 to $134.00 and set an overweight rating for the company in a research report on Thursday, November 2nd. Finally, Barclays lifted their price target on Estée Lauder Companies from $101.00 to $121.00 and gave the company an equal weight rating in a research report on Tuesday, January 16th. Seventeen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of Hold and an average price target of $173.35.

Check Out Our Latest Stock Analysis on EL

Estée Lauder Companies Stock Up 1.8 %

EL stock opened at $143.33 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $51.29 billion, a PE ratio of 110.25, a PEG ratio of 3.86 and a beta of 1.07. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $262.26. The stock has a 50-day simple moving average of $138.05 and a two-hundred day simple moving average of $142.42.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS. On average, equities analysts predict that Estée Lauder Companies will post 2.24 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.84%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. purchased a new position in shares of Estée Lauder Companies during the fourth quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in shares of Estée Lauder Companies during the third quarter valued at approximately $32,000. Arlington Partners LLC increased its stake in shares of Estée Lauder Companies by 378.4% during the second quarter. Arlington Partners LLC now owns 177 shares of the company’s stock valued at $35,000 after buying an additional 140 shares during the period. Chilton Capital Management LLC purchased a new stake in Estée Lauder Companies in the first quarter worth $37,000. Finally, Cornerstone Planning Group LLC purchased a new stake in Estée Lauder Companies in the second quarter worth $39,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estée Lauder Companies

(Get Free Report)

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.

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Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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