B. Riley Has Lowered Expectations for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price objective cut by B. Riley from $95.00 to $70.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently issued reports on EL. Evercore ISI decreased their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Bank of America dropped their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group dropped their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Piper Sandler raised their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $100.90.

Estée Lauder Companies Trading Down 1.4 %

Shares of EL stock traded down $0.95 during mid-day trading on Monday, reaching $65.50. The stock had a trading volume of 487,532 shares, compared to its average volume of 3,365,528. Estée Lauder Companies has a 52-week low of $63.36 and a 52-week high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The stock’s 50-day moving average price is $89.53 and its two-hundred day moving average price is $105.43. The firm has a market capitalization of $23.50 billion, a PE ratio of 118.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Equities analysts expect that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 471.43%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP boosted its position in shares of Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after acquiring an additional 1,250,555 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after acquiring an additional 1,078,926 shares in the last quarter. Independent Franchise Partners LLP boosted its position in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Estée Lauder Companies in the 1st quarter valued at about $82,664,000. 55.15% of the stock is owned by institutional investors and hedge funds.

About Estée Lauder Companies

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, and powders, as well as compacts, brushes, and other makeup tools.