Investment Analysts’ Weekly Ratings Updates for Estée Lauder Companies (EL)

Estée Lauder Companies (NYSE: EL) has recently received a number of price target changes and ratings updates:

  • 5/6/2022 – Estée Lauder Companies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. They now have a $206.00 price target on the stock. According to Zacks, “Shares of The Estee Lauder Companies have underperformed the industry in the past three months. The company has been battling pandemic-induced restrictions in the Asia/Pacific region. During the third quarter of fiscal 2022, organic sales fell in mid-single-digits across Mainland China, as a sharp decline in brick-and-mortar sales offset online growth. Although management believes that the ongoing restrictions in China are temporary, it expects these headwinds to have a greater impact on fiscal fourth-quarter results relative to the third quarter. The company revised its fiscal 2022 outlook downward as impressive year-to-date performance is likely to be countered with added headwinds affecting the fiscal fourth-quarter view. That being said, The Estee Lauder Companies has been benefiting from the growing Skin Care business for a while now.”
  • 5/4/2022 – Estée Lauder Companies had its price target lowered by analysts at Royal Bank of Canada from $361.00 to $322.00.
  • 5/4/2022 – Estée Lauder Companies had its price target lowered by analysts at Raymond James from $345.00 to $320.00.
  • 5/4/2022 – Estée Lauder Companies had its price target lowered by analysts at Wells Fargo & Company from $310.00 to $290.00.
  • 5/4/2022 – Estée Lauder Companies had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $289.00 to $274.00.
  • 5/4/2022 – Estée Lauder Companies had its price target lowered by analysts at Credit Suisse Group AG from $365.00 to $320.00.
  • 4/27/2022 – Estée Lauder Companies was upgraded by analysts at Edward Jones from a “hold” rating to a “buy” rating.
  • 4/27/2022 – Estée Lauder Companies had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $334.00 to $289.00.
  • 4/19/2022 – Estée Lauder Companies had its price target lowered by analysts at Piper Sandler from $380.00 to $350.00. They now have an “overweight” rating on the stock.
  • 4/18/2022 – Estée Lauder Companies had its price target lowered by analysts at Raymond James from $390.00 to $345.00. They now have a “strong-buy” rating on the stock.
  • 4/5/2022 – Estée Lauder Companies had its price target lowered by analysts at Stifel Nicolaus from $355.00 to $335.00. They now have a “buy” rating on the stock.
  • 3/31/2022 – Estée Lauder Companies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/30/2022 – Estée Lauder Companies had its price target lowered by analysts at JPMorgan Chase & Co. from $338.00 to $317.00. They now have an “overweight” rating on the stock.
  • 3/23/2022 – Estée Lauder Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 3/16/2022 – Estée Lauder Companies had its price target lowered by analysts at Oppenheimer Holdings Inc. from $350.00 to $300.00. They now have an “outperform” rating on the stock.

EL traded up $6.15 on Wednesday, reaching $235.83. 44,874 shares of the company traded hands, compared to its average volume of 1,667,970. The Estée Lauder Companies Inc. has a one year low of $227.20 and a one year high of $374.20. The firm has a fifty day simple moving average of $267.04 and a two-hundred day simple moving average of $309.75. The company has a market cap of $84.58 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.84.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.23. The business had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.32 billion. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 7.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is 26.26%.

In other Estée Lauder Companies news, EVP Carl P. Haney sold 1,152 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 12.91% of the company’s stock.

Several institutional investors have recently modified their holdings of EL. Norges Bank purchased a new stake in Estée Lauder Companies during the 4th quarter worth approximately $858,734,000. BlackRock Inc. grew its position in 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 grew its position in 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. grew its position in 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. grew its position in 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. 58.85% of the stock is currently owned by hedge funds and other institutional investors.

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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