Estée Lauder Companies (NYSE:EL) Price Target Cut to $85.00 by Analysts at Morgan Stanley

by · The Cerbat Gem

Estée Lauder Companies (NYSE:EL – Free Report) had its price objective reduced by Morgan Stanley from $100.00 to $85.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research firms also recently issued reports on EL. The Goldman Sachs Group cut their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday. Wells Fargo & Company downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $105.00 to $72.00 in a research report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a research report on Thursday. B. Riley began coverage on Estée Lauder Companies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $113.00 to $74.00 in a research report on Friday. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $104.18.

View Our Latest Stock Report on Estée Lauder Companies

Estée Lauder Companies Stock Performance

EL stock traded down $2.36 during mid-day trading on Friday, hitting $66.58. 11,486,375 shares of the company were exchanged, compared to its average volume of 3,365,223. Estée Lauder Companies has a 1-year low of $63.36 and a 1-year high of $159.75. The stock has a market capitalization of $23.88 billion, a PE ratio of 118.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The business has a 50 day simple moving average of $90.09 and a 200-day simple moving average of $106.42. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. On average, equities analysts forecast that Estée Lauder Companies will post 2.95 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

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

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Estée Lauder Companies by 6.4% during the first 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 in the last quarter. Van ECK Associates Corp raised its holdings in Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after buying an additional 1,066,320 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Estée Lauder Companies by 4.6% during the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after buying an additional 140,416 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after acquiring an additional 1,920,439 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

About Estée Lauder Companies

(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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