Estée Lauder Companies (NYSE:EL) Sets New 12-Month Low – What’s Next?

The Estée Lauder Companies Inc. (NYSE:EL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $62.42 and last traded at $62.61, with a volume of 684450 shares. The stock had previously closed at $64.59.

Analysts Set New Price Targets

A number of brokerages recently commented on EL. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $113.00 to $74.00 in a report on Friday, November 1st. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. The Goldman Sachs Group cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Bank of America lowered their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, UBS Group decreased their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Nineteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $100.90.

Estée Lauder Companies Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The company has a market cap of $22.57 billion, a P/E ratio of 112.25, a P/E/G ratio of 3.79 and a beta of 1.05. The firm’s fifty day moving average is $86.23 and its two-hundred day moving average is $101.95.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts anticipate that The Estée Lauder Companies Inc. will post 1.59 earnings per share 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. Investors of record on Friday, November 29th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s payout ratio is presently 250.00%.

Insider Transactions at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock valued at $1,423,366 in the last ninety days. Corporate insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds have recently added to or reduced their stakes in EL. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the 2nd quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies during the third quarter worth approximately $31,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies during the second quarter valued at approximately $32,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies in the second quarter valued at approximately $32,000. Finally, Crewe Advisors LLC purchased a new position in Estée Lauder Companies during the 1st quarter worth $35,000. 55.15% of the stock is currently owned by institutional investors.

About Estée Lauder Companies

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.