Estée Lauder Companies (NYSE:EL) Price Target Cut to $64.00 by Analysts at Barclays

Estée Lauder Companies (NYSE:EL) had its price objective reduced by Barclays from $71.00 to $64.00 in a research report sent to investors on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

EL has been the subject of a number of other reports. TD Cowen reduced their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday. B. Riley cut their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Hsbc Global Res cut shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Trading Down 2.4 %

EL opened at $64.34 on Thursday. Estée Lauder Companies has a 1-year low of $62.29 and a 1-year high of $159.54. 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 company has a market cap of $23.10 billion, a P/E ratio of 114.89, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The company has a fifty day moving average price of $77.05 and a two-hundred day moving average price of $83.39.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Analysts predict that Estée Lauder Companies will post 1.5 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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 given a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.18%. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, with a total value of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. This represents a 32.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EL. Ameliora Wealth Management Ltd. bought a new position in Estée Lauder Companies in the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators raised its holdings in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies in the 3rd quarter worth $31,000. 55.15% of the stock is currently owned by 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, and powders, as well as compacts, brushes, and other makeup tools.