Estée Lauder Companies (NYSE:EL) Sets New 52-Week Low at $85.85

The Estée Lauder Companies Inc. (NYSE:EL) hit a new 52-week low on Tuesday . The company traded as low as $85.85 and last traded at $86.00, with a volume of 292939 shares. The stock had previously closed at $86.91.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Citigroup decreased their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. DA Davidson reiterated a “buy” rating and issued a $130.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, September 3rd. Raymond James lowered Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $115.00 price target on shares of Estée Lauder Companies in a research report on Monday, August 19th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average target price of $121.57.

Estée Lauder Companies Trading Down 2.3 %

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39. The stock’s 50-day simple moving average is $96.34 and its 200-day simple moving average is $121.68. The firm has a market capitalization of $30.44 billion, a PE ratio of 48.83, a P/E/G ratio of 1.46 and a beta of 1.00.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.99 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insider Activity

In related news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently made changes to their positions in EL. Norges Bank purchased a new stake in Estée Lauder Companies in the 4th quarter worth $518,975,000. Marshall Wace LLP grew its holdings in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $291,171,000. Vanguard Group Inc. boosted its position in shares of Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after acquiring an additional 1,250,555 shares during the last quarter. Finally, Carmignac Gestion grew its stake in shares of Estée Lauder Companies by 1,908.0% during the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares during the last quarter. 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.