The Estée Lauder Companies Inc. (NYSE:EL) Receives $86.00 Consensus Target Price from Brokerages

The Estée Lauder Companies Inc. (NYSE:EL) has been assigned an average rating of “Hold” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $86.00.

Several research firms have recently weighed in on EL. Piper Sandler lifted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. CICC Research began coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th.

Estée Lauder Companies Stock Up 2.7 %

Shares of NYSE EL opened at $66.64 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market cap of $23.92 billion, a P/E ratio of -34.17, a PEG ratio of 6.09 and a beta of 1.08. Estée Lauder Companies has a 1 year low of $62.29 and a 1 year high of $155.73. The firm has a 50-day simple moving average of $73.54 and a two-hundred day simple moving average of $78.65.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. Research analysts anticipate that Estée Lauder Companies will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Insider Activity

In related news, Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EL. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies during the fourth quarter valued at $29,000. Deseret Mutual Benefit Administrators lifted its position in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares during the period. Eagle Bay Advisors LLC lifted its position in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies during the third quarter valued at $31,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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