Estée Lauder Companies (NYSE:EL – Get Rating) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.05 to $7.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.56.
A number of equities analysts recently issued reports on EL shares. Oppenheimer lowered their price objective on shares of Estée Lauder Companies from $350.00 to $300.00 and set an outperform rating for the company in a research report on Wednesday, March 16th. Edward Jones upgraded shares of Estée Lauder Companies from a hold rating to a buy rating in a report on Wednesday, April 27th. Bank of America cut their price objective on Estée Lauder Companies from $375.00 to $330.00 and set a neutral rating on the stock in a report on Friday, February 4th. StockNews.com assumed coverage on Estée Lauder Companies in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on Estée Lauder Companies from $338.00 to $317.00 and set an overweight rating for the company in a research report on Wednesday, March 30th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of $352.10.
Shares of NYSE:EL opened at $260.63 on Tuesday. Estée Lauder Companies has a 1 year low of $248.42 and a 1 year high of $374.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 1.27. The business’s 50-day moving average is $273.24 and its 200-day moving average is $312.87. The company has a market capitalization of $93.48 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 3.19 and a beta of 1.04.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.92%. Estée Lauder Companies’s payout ratio is 27.12%.
In other news, EVP Carl P. Haney sold 1,152 shares of the company’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total value of $354,746.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael O’hare sold 16,389 shares of the firm’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $309.88, for a total transaction of $5,078,623.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,816 shares of company stock valued at $15,940,998. Insiders own 12.91% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Horizon Investments LLC increased its position in shares of Estée Lauder Companies by 3.3% during the 4th quarter. Horizon Investments LLC now owns 1,741 shares of the company’s stock valued at $645,000 after purchasing an additional 56 shares during the last quarter. Colony Group LLC grew its position in Estée Lauder Companies by 4.6% during the fourth quarter. Colony Group LLC now owns 1,291 shares of the company’s stock valued at $478,000 after buying an additional 57 shares during the period. Belpointe Asset Management LLC increased its holdings in Estée Lauder Companies by 5.0% during the fourth quarter. Belpointe Asset Management LLC now owns 1,638 shares of the company’s stock worth $607,000 after buying an additional 78 shares during the last quarter. Zullo Investment Group Inc. bought a new stake in Estée Lauder Companies in the fourth quarter worth about $55,000. Finally, Thrivent Financial for Lutherans boosted its stake in Estée Lauder Companies by 1.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 12,203 shares of the company’s stock valued at $4,411,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.
Estée Lauder Companies Company Profile (Get Rating)
The EstÃ©e Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.
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