Estée Lauder Companies (NYSE:EL) Given “Buy” Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a research note released on Tuesday, Benzinga reports. DA Davidson currently has a $130.00 price objective on the stock.

A number of other equities research analysts have also weighed in on the company. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Citigroup lowered their price objective on 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. Piper Sandler lifted their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. B. Riley assumed coverage on shares of Estée Lauder Companies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.18.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $66.58 on Tuesday. The business has a fifty day simple moving average of $90.09 and a 200 day simple moving average of $106.42. The company has a market cap of $23.88 billion, a P/E ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. Estée Lauder Companies has a twelve month low of $63.36 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted 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. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, sell-side analysts forecast that Estée Lauder Companies will post 2.95 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. Estée Lauder Companies’s dividend payout ratio is presently 250.00%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were 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 in the company, valued at $4,578,114. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were 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 in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds have recently made changes to their positions in EL. Assetmark Inc. lifted its stake in Estée Lauder Companies by 23.7% in the third quarter. Assetmark Inc. now owns 34,316 shares of the company’s stock valued at $3,421,000 after purchasing an additional 6,569 shares during the last quarter. Markel Group Inc. purchased a new position in shares of Estée Lauder Companies during the 3rd quarter valued at $1,396,000. Rovin Capital UT ADV grew its stake in shares of Estée Lauder Companies by 49.5% during the 3rd quarter. Rovin Capital UT ADV now owns 6,996 shares of the company’s stock worth $697,000 after acquiring an additional 2,315 shares during the period. Comprehensive Financial Consultants Institutional Inc. increased its holdings in Estée Lauder Companies by 3.9% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 11,967 shares of the company’s stock worth $1,193,000 after acquiring an additional 449 shares during the last quarter. Finally, AIA Group Ltd raised its stake in Estée Lauder Companies by 4.9% in the 3rd quarter. AIA Group Ltd now owns 8,500 shares of the company’s stock valued at $847,000 after acquiring an additional 400 shares during the period. 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.