Estee Lauder Companies (EL) Given a $140.00 Price Target at Jefferies Group
A number of other analysts have also commented on the company. Oppenheimer reaffirmed a buy rating and set a $120.00 price objective (up previously from $110.00) on shares of Estee Lauder Companies in a research note on Wednesday, September 20th. Royal Bank Of Canada set a $115.00 price objective on Estee Lauder Companies and gave the company a buy rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Estee Lauder Companies from a buy rating to a hold rating in a research note on Monday, August 21st. Piper Jaffray Companies set a $135.00 price objective on Estee Lauder Companies and gave the company a buy rating in a research note on Wednesday, November 1st. Finally, BMO Capital Markets raised Estee Lauder Companies from an underperform rating to a market perform rating and increased their price objective for the company from $83.00 to $107.00 in a research note on Monday, August 21st. Six investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $118.14.
Estee Lauder Companies (EL) traded down $0.06 during trading on Friday, reaching $124.77. The company’s stock had a trading volume of 1,700,000 shares, compared to its average volume of 2,060,000. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27. The firm has a market capitalization of $45,940.00, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. Estee Lauder Companies has a 12 month low of $75.68 and a 12 month high of $126.99.
Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies had a return on equity of 33.64% and a net margin of 11.30%. Estee Lauder Companies’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. equities research analysts anticipate that Estee Lauder Companies will post 4.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 41.08%.
In other Estee Lauder Companies news, EVP Carl P. Haney sold 6,941 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $123.19, for a total value of $855,061.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $125.53, for a total value of $71,552,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,565,147 shares of company stock worth $194,485,640. 16.24% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in EL. Creative Planning raised its holdings in shares of Estee Lauder Companies by 9.0% in the 2nd quarter. Creative Planning now owns 2,100 shares of the company’s stock worth $202,000 after purchasing an additional 173 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of Estee Lauder Companies by 9,498.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 74,385 shares of the company’s stock worth $775,000 after purchasing an additional 73,610 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Estee Lauder Companies by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 24,728 shares of the company’s stock worth $2,373,000 after purchasing an additional 95 shares during the period. Bessemer Group Inc. raised its holdings in shares of Estee Lauder Companies by 4.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after purchasing an additional 86 shares during the period. Finally, First Western Capital Management Co raised its holdings in shares of Estee Lauder Companies by 5.1% in the 2nd quarter. First Western Capital Management Co now owns 43,058 shares of the company’s stock worth $4,132,000 after purchasing an additional 2,082 shares during the period. Institutional investors own 53.90% of the company’s stock.
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Estee Lauder Companies Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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