Evercore ISI Forecasts Strong Price Appreciation for Estee Lauder Companies (NYSE:EL) Stock

Estee Lauder Companies (NYSE:EL) had its price target hoisted by Evercore ISI from $90.00 to $100.00 in a report released on Thursday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

EL has been the topic of several other reports. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $71.00 to $95.00 in a research report on Monday. Citigroup reduced their price target on Estee Lauder Companies from $77.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus decreased their price target on Estee Lauder Companies from $77.00 to $67.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company dropped their price objective on shares of Estee Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays raised their price target on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.50.

Estee Lauder Companies Stock Up 2.0%

Shares of NYSE:EL opened at $79.15 on Thursday. Estee Lauder Companies has a 1 year low of $48.37 and a 1 year high of $113.48. The stock has a 50-day simple moving average of $65.76 and a 200-day simple moving average of $68.91. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The stock has a market capitalization of $28.47 billion, a P/E ratio of -32.70, a PEG ratio of 8.01 and a beta of 1.12.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. Equities analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies’s dividend payout ratio is currently -57.85%.

Hedge Funds Weigh In On Estee Lauder Companies

Several large investors have recently added to or reduced their stakes in EL. Bank Pictet & Cie Europe AG boosted its stake in Estee Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after acquiring an additional 4,690 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Estee Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after purchasing an additional 154 shares during the period. Atria Investments Inc lifted its holdings in shares of Estee Lauder Companies by 32.1% in the 4th quarter. Atria Investments Inc now owns 5,174 shares of the company’s stock worth $388,000 after purchasing an additional 1,258 shares during the last quarter. IFP Advisors Inc boosted its position in Estee Lauder Companies by 56.0% during the 4th quarter. IFP Advisors Inc now owns 1,257 shares of the company’s stock valued at $94,000 after purchasing an additional 451 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in Estee Lauder Companies by 16.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,857 shares of the company’s stock worth $519,000 after buying an additional 1,110 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee 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.