Bank of America Cuts Estée Lauder Companies (NYSE:EL) Price Target to $75.00

Estée Lauder Companies (NYSE:EL) had its target price reduced by Bank of America from $100.00 to $75.00 in a report issued on Friday, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on EL. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a research note on Thursday, October 31st. B. Riley assumed coverage on Estée Lauder Companies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price target on the stock. Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Finally, Hsbc Global Res downgraded Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Stock Down 0.2 %

NYSE EL opened at $66.45 on Friday. The business has a fifty day moving average price of $89.53 and a 200 day moving average price of $105.43. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.32. The company has a market cap of $23.84 billion, a P/E ratio of 118.66, a P/E/G ratio of 1.21 and a beta of 1.05. Estée Lauder Companies has a one year low of $63.36 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. Research analysts anticipate that Estée Lauder Companies will post 2.95 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.11%. Estée Lauder Companies’s dividend payout ratio is presently 471.43%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Haverford Trust Co lifted its position in Estée Lauder Companies by 2.3% in the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock valued at $525,000 after purchasing an additional 78 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Estée Lauder Companies by 6.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock worth $228,000 after buying an additional 127 shares in the last quarter. Canandaigua National Bank & Trust Co. increased its position in Estée Lauder Companies by 2.1% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 7,109 shares of the company’s stock valued at $756,000 after acquiring an additional 145 shares during the period. Financial Counselors Inc. raised its stake in Estée Lauder Companies by 4.2% during the 1st quarter. Financial Counselors Inc. now owns 3,687 shares of the company’s stock valued at $568,000 after acquiring an additional 149 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds 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, and powders, as well as compacts, brushes, and other makeup tools.