Estée Lauder Companies (NYSE:EL) Receives New Coverage from Analysts at B. Riley

B. Riley started coverage on shares of Estée Lauder Companies (NYSE:EL) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a neutral rating and a $95.00 price objective on the stock.

A number of other research analysts have also commented on EL. Citigroup decreased their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a buy rating on the stock in a research note on Tuesday, August 20th. Telsey Advisory Group reiterated a market perform rating and set a $115.00 target price on shares of Estée Lauder Companies in a research note on Monday, August 19th. Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an equal weight rating for the company in a report on Friday, July 19th. Royal Bank of Canada reaffirmed an outperform rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group dropped their target price on Estée Lauder Companies from $115.00 to $100.00 and set a neutral rating for the company in a report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $121.57.

Estée Lauder Companies Price Performance

NYSE:EL opened at $85.14 on Tuesday. Estée Lauder Companies has a 12-month low of $83.54 and a 12-month high of $159.75. The firm has a market capitalization of $30.54 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 1.46 and a beta of 1.00. The stock’s 50 day moving average price is $95.93 and its two-hundred day moving average price is $121.22. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts anticipate that Estée Lauder Companies will post 2.99 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is 148.32%.

Insider Activity at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by insiders.

Institutional Trading of Estée Lauder Companies

Several institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC lifted its holdings in Estée Lauder Companies by 34.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after buying an additional 75 shares during the period. Haverford Trust Co boosted its holdings in Estée Lauder Companies by 2.3% in the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after acquiring an additional 78 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Estée Lauder Companies by 25.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after purchasing an additional 82 shares during the period. Capital Advisors Ltd. LLC increased its position in Estée Lauder Companies by 11.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after purchasing an additional 90 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Estée Lauder Companies by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock worth $98,000 after purchasing an additional 96 shares during the period. Institutional investors own 55.15% of the company’s stock.

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