Estee Lauder Companies (NYSE:EL) Price Target Raised to $100.00

by · The Cerbat Gem

Estee Lauder Companies (NYSE:EL – Free Report) had its price objective raised by Evercore ISI from $90.00 to $100.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Barclays upped their price objective on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. UBS Group increased their price target on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Royal Bank Of Canada cut their price target on shares of Estee Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Piper Sandler reiterated an “overweight” rating and set a $75.00 price target (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price target on shares of Estee Lauder Companies in a report on Thursday, May 1st. Sixteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.45.

View Our Latest Report on Estee Lauder Companies

Estee Lauder Companies Price Performance

Shares of EL opened at $80.28 on Thursday. The stock has a market cap of $28.88 billion, a PE ratio of -33.17, a price-to-earnings-growth ratio of 8.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $108.37. The firm’s 50-day simple moving average is $66.28 and its two-hundred day simple moving average is $68.81.

Estee Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.36. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The business’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. Analysts anticipate that Estee Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies’s dividend payout ratio is currently -57.85%.

Institutional Investors Weigh In On Estee Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Estee Lauder Companies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after acquiring an additional 2,344,210 shares during the period. FMR LLC raised its position in Estee Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock worth $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Independent Franchise Partners LLP raised its position in Estee Lauder Companies by 1.5% in the first quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company’s stock worth $526,445,000 after acquiring an additional 118,276 shares during the period. Capital World Investors bought a new position in Estee Lauder Companies in the fourth quarter worth approximately $554,509,000. Finally, Invesco Ltd. raised its position in Estee Lauder Companies by 21.9% in the first quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock worth $440,998,000 after acquiring an additional 1,200,537 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Company Profile

(Get Free Report)

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.

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