Estée Lauder Companies’ (EL) “Buy” Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a report issued on Wednesday,Benzinga reports. DA Davidson currently has a $81.00 target price on the stock.

A number of other research analysts have also issued reports on EL. Bank of America lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Stifel Nicolaus cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Thursday, October 31st. Morgan Stanley decreased their target price on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Evercore ISI dropped their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.57.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $69.93 on Wednesday. The company has a 50-day moving average of $82.78 and a 200-day moving average of $98.26. The firm has a market cap of $25.10 billion, a price-to-earnings ratio of 124.88, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’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. Analysts forecast that Estée Lauder Companies will post 1.59 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 471.43%.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction 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 in the company, valued at $4,578,114. The trade was a 6.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg acquired 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the acquisition, the director now directly owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies in the third quarter valued at about $31,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies in the second quarter valued at about $32,000. Kimelman & Baird LLC acquired a new position in Estée Lauder Companies during the second quarter worth about $32,000. Finally, Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the first quarter worth about $35,000. Institutional investors own 55.15% of the company’s stock.

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.