Shares of Estee Lauder Companies Inc (NYSE:EL) have been assigned a consensus recommendation of “Buy” from the twenty-six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $131.50.
Several brokerages have weighed in on EL. Credit Suisse Group began coverage on shares of Estee Lauder Companies in a research note on Monday, March 12th. They issued an “outperform” rating and a $162.00 target price for the company. Stifel Nicolaus restated a “buy” rating and issued a $150.00 target price (up from $145.00) on shares of Estee Lauder Companies in a research note on Tuesday, February 20th. Bank of America raised their target price on shares of Estee Lauder Companies from $152.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, March 5th. ValuEngine upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Wells Fargo restated a “buy” rating and issued a $150.00 target price on shares of Estee Lauder Companies in a research note on Wednesday, January 31st.
In related news, insider John Demsey sold 77,608 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $127.52, for a total transaction of $9,896,572.16. Following the completion of the transaction, the insider now owns 23,305 shares of the company’s stock, valued at $2,971,853.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael O’hare sold 26,203 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $133.40, for a total transaction of $3,495,480.20. Following the transaction, the executive vice president now directly owns 7,583 shares of the company’s stock, valued at approximately $1,011,572.20. The disclosure for this sale can be found here. Insiders have sold 248,453 shares of company stock valued at $33,517,643 over the last quarter. Insiders own 16.24% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Chemical Bank purchased a new position in Estee Lauder Companies in the fourth quarter valued at $286,000. Xact Kapitalforvaltning AB increased its holdings in Estee Lauder Companies by 6.7% in the fourth quarter. Xact Kapitalforvaltning AB now owns 43,954 shares of the company’s stock valued at $5,593,000 after buying an additional 2,762 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Estee Lauder Companies by 111.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,535 shares of the company’s stock valued at $8,338,000 after buying an additional 34,516 shares in the last quarter. CNB Bank purchased a new position in Estee Lauder Companies in the fourth quarter valued at $141,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Estee Lauder Companies by 49.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 212,066 shares of the company’s stock valued at $26,983,000 after buying an additional 70,053 shares in the last quarter. 54.10% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies (EL) opened at $145.86 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. Estee Lauder Companies has a one year low of $83.34 and a one year high of $147.70. The stock has a market cap of $53,794.60, a P/E ratio of 35.25, a PEG ratio of 2.59 and a beta of 0.69.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.08. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the firm earned $1.22 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. analysts predict that Estee Lauder Companies will post 4.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.04%. Estee Lauder Companies’s payout ratio is currently 52.78%.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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