Estée Lauder Companies (NYSE:EL) Price Target Cut to $145.00 by Analysts at JPMorgan Chase & Co.

Estée Lauder Companies (NYSE:EL) had its target price reduced by JPMorgan Chase & Co. from $169.00 to $145.00 in a research report report published on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They issued a neutral rating and a $145.00 price target for the company. DA Davidson reissued a buy rating and set a $191.00 target price on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Bank of America upgraded Estée Lauder Companies from a neutral rating to a buy rating and upped their price target for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Barclays lifted their price objective on Estée Lauder Companies from $146.00 to $150.00 and gave the company an equal weight rating in a research note on Thursday, April 25th. Finally, StockNews.com lowered shares of Estée Lauder Companies from a hold rating to a sell rating in a research note on Wednesday, February 14th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of Hold and an average price target of $160.92.

Estée Lauder Companies Trading Down 1.5 %

Shares of NYSE EL opened at $132.94 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $47.66 billion, a PE ratio of 74.69, a PEG ratio of 3.50 and a beta of 1.07. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $209.64. The stock has a fifty day simple moving average of $145.88 and a 200-day simple moving average of $138.15.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. Estée Lauder Companies’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, equities analysts forecast that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.32%.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. purchased a new position in Estée Lauder Companies during the 4th quarter worth $26,000. Riverview Trust Co purchased a new position in Estée Lauder Companies during the first quarter worth about $26,000. Hexagon Capital Partners LLC lifted its position in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Exchange Traded Concepts LLC increased its position in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of Estée Lauder Companies by 82.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after buying an additional 125 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

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.