The Estee Lauder Companies Inc. (NYSE:EL) Receives $77.70 Consensus Price Target from Analysts

The Estee Lauder Companies Inc. (NYSE:EL) has been assigned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, MarketBeat reports. Fourteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $80.95.

A number of research analysts have weighed in on EL shares. Royal Bank Of Canada decreased their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on shares of Estee Lauder Companies from $77.00 to $67.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company upped their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Citigroup upped their price objective on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, HSBC upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $99.00 in a research report on Friday, June 27th.

Hedge Funds Weigh In On Estee Lauder Companies

Institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in shares of Estee Lauder Companies by 246.4% in the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after buying an additional 340 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after buying an additional 461 shares during the last quarter. Winthrop Capital Management LLC raised its position in shares of Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after buying an additional 560 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after buying an additional 228 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Trading Down 4.0%

NYSE EL opened at $86.03 on Friday. The company has a market capitalization of $30.95 billion, a PE ratio of -35.55, a P/E/G ratio of 6.40 and a beta of 1.17. The company has a fifty day moving average of $73.29 and a 200 day moving average of $69.73. Estee Lauder Companies has a 1 year low of $48.37 and a 1 year high of $103.44. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.51 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. Research analysts forecast that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies’s payout ratio is currently -57.85%.

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.