Estee Lauder Companies (EL) Upgraded at ValuEngine
ValuEngine upgraded shares of Estee Lauder Companies (NYSE:EL) from a hold rating to a buy rating in a research note released on Thursday.
Other equities research analysts have also issued reports about the company. BMO Capital Markets raised their price target on Estee Lauder Companies to $140.00 and gave the stock a market perform rating in a research note on Wednesday, January 31st. Sanford C. Bernstein reissued an outperform rating and set a $144.00 price target (up from $134.00) on shares of Estee Lauder Companies in a research note on Monday, February 5th. Stifel Nicolaus reissued a buy rating and set a $150.00 price target (up from $145.00) on shares of Estee Lauder Companies in a research note on Tuesday, February 20th. Deutsche Bank started coverage on Estee Lauder Companies in a research note on Wednesday, December 13th. They set a hold rating and a $134.00 price target for the company. Finally, Bank of America lifted their target price on Estee Lauder Companies from $143.00 to $152.00 and gave the company a buy rating in a research report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Estee Lauder Companies currently has a consensus rating of Buy and a consensus target price of $130.17.
Shares of Estee Lauder Companies (NYSE:EL) traded down $0.72 during mid-day trading on Thursday, hitting $139.93. The company had a trading volume of 236,292 shares, compared to its average volume of 1,784,844. Estee Lauder Companies has a 52-week low of $82.35 and a 52-week high of $143.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The company has a market cap of $51,727.69, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.50 and a beta of 0.69.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.38 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.09%. Estee Lauder Companies’s dividend payout ratio is presently 52.78%.
In other news, insider John Demsey sold 77,608 shares of Estee Lauder Companies stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.52, for a total value of $9,896,572.16. Following the transaction, the insider now directly owns 23,305 shares in the company, valued at approximately $2,971,853.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tracey Thomas Travis sold 5,000 shares of Estee Lauder Companies stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $137.02, for a total value of $685,100.00. Following the completion of the transaction, the chief financial officer now owns 24,467 shares in the company, valued at $3,352,468.34. The disclosure for this sale can be found here. Insiders sold a total of 248,453 shares of company stock worth $33,517,643 over the last quarter. Company insiders own 16.24% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in Estee Lauder Companies during the 4th quarter worth $126,000. Cerebellum GP LLC purchased a new position in Estee Lauder Companies during the 4th quarter worth $130,000. CNB Bank purchased a new position in Estee Lauder Companies during the 4th quarter worth $141,000. Winslow Evans & Crocker Inc. grew its stake in Estee Lauder Companies by 2,750.0% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock worth $145,000 after buying an additional 1,100 shares during the last quarter. Finally, We Are One Seven LLC purchased a new position in Estee Lauder Companies during the 4th quarter worth $160,000. Institutional investors and hedge funds own 53.64% 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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