Estée Lauder Companies (NYSE:EL) Stock Rating Reaffirmed by DA Davidson

DA Davidson reissued their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a $191.00 target price on the stock.

Several other research analysts have also issued reports on EL. Raymond James increased their price target on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a strong-buy rating in a research report on Tuesday, February 6th. Royal Bank of Canada boosted their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the company a sector perform rating in a research note on Tuesday, February 6th. Telsey Advisory Group increased their price objective on Estée Lauder Companies from $115.00 to $155.00 and gave the stock a market perform rating in a research note on Tuesday, February 6th. Oppenheimer reissued a market perform rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the stock an overweight rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $168.00.

Estée Lauder Companies Trading Down 1.1 %

Estée Lauder Companies stock opened at $147.36 on Monday. The business has a 50 day moving average price of $146.84 and a two-hundred day moving average price of $138.16. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. Estée Lauder Companies has a 12 month low of $102.22 and a 12 month high of $253.24. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 113.35, a price-to-earnings-growth ratio of 3.86 and a beta of 1.07.

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

Estée Lauder Companies Dividend Announcement

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

Institutional Investors Weigh In On Estée Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Keybank National Association OH increased its stake in shares of Estée Lauder Companies by 11.3% in the 3rd quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock valued at $651,000 after acquiring an additional 458 shares during the last quarter. Impax Asset Management Group plc increased its stake in Estée Lauder Companies by 517.6% in the fourth quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock valued at $6,820,000 after purchasing an additional 39,082 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its holdings in Estée Lauder Companies by 221.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock worth $9,075,000 after purchasing an additional 43,280 shares during the period. YCG LLC raised its holdings in Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock worth $26,068,000 after purchasing an additional 9,619 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Estée Lauder Companies by 37.1% during the third quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock worth $205,776,000 after purchasing an additional 381,860 shares in the last quarter. Institutional investors 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.