Estée Lauder Companies (NYSE:EL) Price Target Raised to $295.00 at Stifel Nicolaus

Estée Lauder Companies (NYSE:EL – Get Rating) had its price objective upped by Stifel Nicolaus from $255.00 to $295.00 in a research report released on Tuesday, The Fly reports. Stifel Nicolaus currently has a buy rating on the stock.

EL has been the topic of several other reports. TheStreet upgraded shares of Estée Lauder Companies from a c+ rating to a b- rating in a report on Friday. Piper Sandler raised their target price on shares of Estée Lauder Companies from $255.00 to $290.00 in a report on Tuesday, January 3rd. DA Davidson lowered 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. Telsey Advisory Group lowered their price objective on shares of Estée Lauder Companies from $377.00 to $275.00 and set an outperform rating on the stock in a report on Thursday, November 3rd. Finally, StockNews.com began coverage on shares of Estée Lauder Companies in a report on Wednesday, October 12th. They issued a hold rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $269.48.

Estée Lauder Companies Stock Up 1.0 %

Estée Lauder Companies stock opened at $277.16 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.11. The firm has a market capitalization of $98.89 billion, a price-to-earnings ratio of 46.27, a PEG ratio of 5.15 and a beta of 0.95. The company’s 50 day simple moving average is $245.09 and its 200 day simple moving average is $241.69. Estée Lauder Companies has a fifty-two week low of $186.47 and a fifty-two week high of $324.70.

Estée Lauder Companies (NYSE:EL – Get Rating) last announced its earnings results on Wednesday, November 2nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $3.93 billion for 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%. As a group, sell-side analysts anticipate that Estée Lauder Companies will post 5.4 EPS for the current year.

Estée Lauder Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 29th. This is a boost from Estée Lauder Companies’s previous quarterly dividend of $0.60. Estée Lauder Companies’s payout ratio is presently 44.07%.

Insider Activity

In other news, CEO Fabrizio Freda sold 11,705 shares of the business’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $270.00, for a total value of $3,160,350.00. Following the completion of the sale, the chief executive officer now owns 125,762 shares of the company’s stock, valued at $33,955,740. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently bought and sold shares of EL. United Bank lifted its position in Estée Lauder Companies by 1.8% during the first quarter. United Bank now owns 4,879 shares of the company’s stock worth $1,329,000 after purchasing an additional 88 shares during the period. Cibc World Market Inc. lifted its position in Estée Lauder Companies by 78.4% during the first quarter. Cibc World Market Inc. now owns 17,748 shares of the company’s stock worth $4,833,000 after purchasing an additional 7,797 shares during the period. Prudential PLC acquired a new position in Estée Lauder Companies during the first quarter worth about $1,147,000. Cetera Investment Advisers raised its stake in Estée Lauder Companies by 2.4% during the first quarter. Cetera Investment Advisers now owns 3,932 shares of the company’s stock worth $1,071,000 after acquiring an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Estée Lauder Companies by 27.3% during the first quarter. Sequoia Financial Advisors LLC now owns 978 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 55.74% of the company’s stock.

Estée Lauder Companies Company Profile

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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.