Estée Lauder Companies’ (EL) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research note released on Wednesday morning, Benzinga reports. They currently have a $155.00 price target on the stock.

Several other research analysts have also recently commented on the company. Wells Fargo & Company increased their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a research report on Tuesday, February 6th. Citigroup raised shares of Estée Lauder Companies from a neutral rating to a buy rating and raised their target price for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. StockNews.com cut shares of Estée Lauder Companies from a hold rating to a sell rating in a research note on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Estée Lauder Companies from $150.00 to $167.00 and gave the company an overweight rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $163.29.

Estée Lauder Companies Stock Down 13.2 %

Shares of Estée Lauder Companies stock opened at $127.37 on Wednesday. The firm has a market cap of $45.66 billion, a PE ratio of 97.98, a P/E/G ratio of 3.85 and a beta of 1.07. The business’s 50 day simple moving average is $146.50 and its 200 day simple moving average is $138.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $246.48.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts predict that Estée Lauder Companies will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.07%. Estée Lauder Companies’s payout ratio is 203.08%.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $518,975,000. Lazard Asset Management LLC increased its position in shares of Estée Lauder Companies by 68.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after purchasing an additional 1,512,982 shares during the last quarter. FMR LLC raised its stake in shares of Estée Lauder Companies by 35.4% during the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after purchasing an additional 1,387,271 shares during the period. Carmignac Gestion boosted its holdings in shares of Estée Lauder Companies by 1,908.0% in the 4th quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after buying an additional 1,136,201 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Estée Lauder Companies by 132.4% during the third quarter. Van ECK Associates Corp now owns 1,735,740 shares of the company’s stock valued at $250,901,000 after buying an additional 988,829 shares during the period. Hedge funds and other 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.