Estée Lauder Companies (NYSE:EL) Price Target Raised to $295.00 at Stifel Nicolaus

Estée Lauder Companies (NYSE:ELGet Rating) had its price objective hoisted by Stifel Nicolaus from $255.00 to $295.00 in a research report report published on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $255.00 to $290.00 in a report on Tuesday, January 3rd. DA Davidson cut their price target on shares of Estée Lauder Companies from $318.00 to $250.00 and set a buy rating on the stock in a report on Thursday, November 3rd. Credit Suisse Group cut their price target on shares of Estée Lauder Companies from $260.00 to $215.00 and set an outperform rating on the stock in a report on Thursday, November 3rd. Redburn Partners initiated coverage on shares of Estée Lauder Companies in a research note on Thursday, December 15th. They issued a sell rating and a $210.00 price objective on the stock. Finally, Oppenheimer upped their price objective on shares of Estée Lauder Companies from $245.00 to $300.00 and gave the company an outperform rating in a research note on Tuesday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $269.48.

Estée Lauder Companies Stock Up 1.0 %

NYSE EL opened at $277.16 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.11. The company’s 50 day simple moving average is $245.09 and its 200 day simple moving average is $241.69. Estée Lauder Companies has a 12 month low of $186.47 and a 12 month high of $324.70. The company has a market capitalization of $98.89 billion, a P/E ratio of 46.27, a PEG ratio of 5.15 and a beta of 0.95.

Estée Lauder Companies (NYSE:ELGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.92 billion. Equities research analysts expect that Estée Lauder Companies will post 5.4 earnings per share for the current fiscal year.

Estée Lauder Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a dividend of $0.66 per share. This is an increase from Estée Lauder Companies’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 44.07%.

Insider Buying and Selling

In related news, CEO Fabrizio Freda sold 11,705 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $270.00, for a total transaction of $3,160,350.00. Following the completion of the sale, the chief executive officer now directly owns 125,762 shares of the company’s stock, valued at approximately $33,955,740. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.75% of the stock is owned by insiders.

Institutional Trading of Estée Lauder Companies

Large investors have recently modified their holdings of the company. M&G Investment Management Ltd. boosted its holdings in Estée Lauder Companies by 108.2% in the 2nd quarter. M&G Investment Management Ltd. now owns 25,269 shares of the company’s stock valued at $6,444,000 after purchasing an additional 13,135 shares during the period. MGO One Seven LLC boosted its holdings in Estée Lauder Companies by 14.3% in the 2nd quarter. MGO One Seven LLC now owns 1,712 shares of the company’s stock valued at $436,000 after purchasing an additional 214 shares during the period. NorthRock Partners LLC boosted its holdings in Estée Lauder Companies by 14.1% in the 3rd quarter. NorthRock Partners LLC now owns 1,957 shares of the company’s stock valued at $423,000 after purchasing an additional 242 shares during the period. Venture Visionary Partners LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at $83,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Estée Lauder Companies by 23.4% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,610 shares of the company’s stock valued at $4,485,000 after purchasing an additional 3,340 shares during the period. 55.74% of the stock is owned by institutional investors.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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