Estée Lauder Companies (NYSE:EL) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a report published on Monday, Benzinga reports. The firm currently has a $191.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Estée Lauder Companies from a hold rating to a sell rating in a research note on Wednesday, February 14th. The Goldman Sachs Group assumed coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a neutral rating and a $145.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. Citigroup upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and increased their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Finally, Telsey Advisory Group increased their target price on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the stock a market perform rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of Hold and a consensus target price of $168.00.

Estée Lauder Companies Trading Up 2.1 %

EL stock opened at $147.42 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The company’s 50-day simple moving average is $146.61 and its 200 day simple moving average is $138.07. Estée Lauder Companies has a 52 week low of $102.22 and a 52 week high of $255.80. The company has a market capitalization of $52.85 billion, a PE ratio of 113.40, a price-to-earnings-growth ratio of 3.78 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the company posted $1.54 earnings per share. Estée Lauder Companies’s revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Estée Lauder Companies will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.79%. Estée Lauder Companies’s dividend payout ratio is presently 203.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EL. CWM LLC lifted its position in shares of Estée Lauder Companies by 60.3% in the 3rd quarter. CWM LLC now owns 4,013 shares of the company’s stock worth $580,000 after purchasing an additional 1,509 shares during the period. IFP Advisors Inc lifted its position in shares of Estée Lauder Companies by 21.1% in the 3rd quarter. IFP Advisors Inc now owns 785 shares of the company’s stock worth $113,000 after purchasing an additional 137 shares during the period. HB Wealth Management LLC lifted its position in shares of Estée Lauder Companies by 68.2% in the 3rd quarter. HB Wealth Management LLC now owns 3,270 shares of the company’s stock worth $473,000 after purchasing an additional 1,326 shares during the period. Douglas Lane & Associates LLC lifted its position in shares of Estée Lauder Companies by 10.5% in the 3rd quarter. Douglas Lane & Associates LLC now owns 60,274 shares of the company’s stock worth $8,713,000 after purchasing an additional 5,731 shares during the period. Finally, 1900 Wealth Management LLC acquired a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $211,000. Institutional investors and hedge funds 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.