Estée Lauder Companies (NYSE:EL) Price Target Raised to $300.00 at Oppenheimer

Estée Lauder Companies (NYSE:EL – Get Rating) had its target price upped by Oppenheimer from $245.00 to $300.00 in a research note published on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on EL. StockNews.com began coverage on shares of Estée Lauder Companies in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Canaccord Genuity Group began coverage on shares of Estée Lauder Companies in a report on Wednesday, November 16th. They set a hold rating and a $228.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Estée Lauder Companies from $274.00 to $285.00 and gave the company an overweight rating in a report on Friday, January 13th. Barclays upped their price objective on shares of Estée Lauder Companies from $224.00 to $290.00 and gave the company an overweight rating in a report on Tuesday, January 10th. Finally, DA Davidson decreased their price objective on shares of Estée Lauder Companies from $318.00 to $250.00 and set a buy rating on the stock in a report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $270.17.

Estée Lauder Companies Stock Performance

Shares of EL opened at $267.04 on Tuesday. Estée Lauder Companies has a 12 month low of $186.47 and a 12 month high of $324.70. The company’s fifty day moving average is $240.24 and its 200-day moving average is $241.28. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The firm has a market cap of $95.28 billion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 5.22 and a beta of 0.95.

Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. Equities analysts expect that Estée Lauder Companies will post 5.35 EPS for the current fiscal year.

Estée Lauder Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.99%. This is a positive change from Estée Lauder Companies’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, November 29th. Estée Lauder Companies’s dividend payout ratio is 44.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EL. Vanguard Group Inc. lifted its holdings in shares of Estée Lauder Companies by 1.1% in the third quarter. Vanguard Group Inc. now owns 18,112,285 shares of the company’s stock worth $3,910,442,000 after buying an additional 191,335 shares in the last quarter. State Street Corp increased its holdings in shares of Estée Lauder Companies by 1.0% in the third quarter. State Street Corp now owns 9,889,653 shares of the company’s stock worth $2,135,176,000 after purchasing an additional 94,600 shares during the period. Jennison Associates LLC increased its holdings in shares of Estée Lauder Companies by 3.3% in the second quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock worth $1,676,545,000 after purchasing an additional 212,961 shares during the period. Royal Bank of Canada increased its holdings in shares of Estée Lauder Companies by 7.0% in the third quarter. Royal Bank of Canada now owns 4,417,198 shares of the company’s stock worth $953,675,000 after purchasing an additional 289,510 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Estée Lauder Companies by 2.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,493,915 shares of the company’s stock worth $889,795,000 after purchasing an additional 80,313 shares during the period. Hedge funds and other institutional investors own 55.74% of the company’s stock.

About Estée Lauder Companies

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It 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.