Estée Lauder Companies’ (EL) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $105.00 target price on the stock.

A number of other research analysts have also recently weighed in on the company. Citigroup lowered their price objective on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Raymond James lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, UBS Group decreased their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Sixteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $116.91.

Estée Lauder Companies Stock Down 1.6 %

Shares of EL stock opened at $87.25 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. Estée Lauder Companies has a 12 month low of $82.39 and a 12 month high of $159.75. The stock has a market cap of $31.30 billion, a P/E ratio of 80.79, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a 50 day simple moving average of $91.30 and a two-hundred day simple moving average of $108.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. On average, research analysts expect that Estée Lauder Companies will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s payout ratio is 244.44%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently modified their holdings of EL. Riverview Trust Co purchased a new position in Estée Lauder Companies in the 1st quarter worth about $26,000. Hexagon Capital Partners LLC increased its position in shares of Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies during the first quarter valued at approximately $35,000. Chilton Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the period. Finally, Larson Financial Group LLC grew its stake in Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

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.