Estée Lauder Companies (NYSE:EL) Given New $322.00 Price Target at Royal Bank of Canada

Estée Lauder Companies (NYSE:ELGet Rating) had its price objective lowered by Royal Bank of Canada from $361.00 to $322.00 in a report released on Wednesday, The Fly reports.

Other analysts also recently issued reports about the company. StockNews.com initiated coverage on Estée Lauder Companies in a report on Thursday, March 31st. They issued a hold rating for the company. Oppenheimer decreased their price target on Estée Lauder Companies from $350.00 to $300.00 and set an outperform rating for the company in a report on Wednesday, March 16th. Stifel Nicolaus decreased their price target on Estée Lauder Companies from $355.00 to $335.00 and set a buy rating for the company in a report on Tuesday, April 5th. UBS Group decreased their price target on Estée Lauder Companies from $352.00 to $326.00 and set a neutral rating for the company in a report on Friday, February 4th. Finally, Edward Jones upgraded Estée Lauder Companies from a hold rating to a buy rating in a report on Wednesday, April 27th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies presently has an average rating of Buy and a consensus price target of $342.45.

NYSE EL opened at $257.26 on Wednesday. The company has a market capitalization of $92.27 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 3.15 and a beta of 1.04. Estée Lauder Companies has a twelve month low of $227.49 and a twelve month high of $374.20. The stock has a fifty day simple moving average of $271.62 and a 200 day simple moving average of $312.01. The company has a quick ratio of 1.27, a current ratio of 1.73 and a debt-to-equity ratio of 0.84.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.23. The business had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.32 billion. Estée Lauder Companies had a return on equity of 44.71% and a net margin of 18.35%. Estée Lauder Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Research analysts expect that Estée Lauder Companies will post 7.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a $2.40 annualized dividend and a yield of 0.93%. Estée Lauder Companies’s payout ratio is 26.26%.

In related news, insider John Demsey sold 23,248 shares of the firm’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $314.10, for a total value of $7,302,196.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Carl P. Haney sold 1,152 shares of the stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total transaction of $354,746.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,816 shares of company stock worth $15,940,998. 13.95% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $858,734,000. BlackRock Inc. increased its stake in shares of Estée Lauder Companies by 13.1% during the 4th quarter. BlackRock Inc. now owns 16,953,258 shares of the company’s stock worth $6,276,099,000 after purchasing an additional 1,969,898 shares during the last quarter. Morgan Stanley increased its stake in shares of Estée Lauder Companies by 100.7% during the 2nd quarter. Morgan Stanley now owns 3,778,605 shares of the company’s stock worth $1,201,900,000 after purchasing an additional 1,895,658 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Estée Lauder Companies by 238.8% during the 4th quarter. 1832 Asset Management L.P. now owns 1,200,727 shares of the company’s stock worth $445,780,000 after purchasing an additional 846,290 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Estée Lauder Companies by 26.5% during the 4th quarter. Brown Advisory Inc. now owns 3,241,559 shares of the company’s stock worth $1,200,024,000 after purchasing an additional 678,097 shares during the last quarter. Hedge funds and other institutional investors own 58.85% of the company’s stock.

About Estée Lauder Companies (Get Rating)

The Estée 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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