Estée Lauder Companies (NYSE:EL) Given New $118.00 Price Target at JPMorgan Chase & Co.

Estée Lauder Companies (NYSE:EL) had its price target trimmed by JPMorgan Chase & Co. from $173.00 to $118.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also issued reports on EL. Redburn Atlantic raised shares of Estée Lauder Companies from an underweight rating to a neutral rating and reduced their price target for the stock from $160.00 to $150.00 in a research report on Friday, September 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $206.00 to $199.00 and set a buy rating for the company in a research report on Monday, August 21st. TD Cowen reduced their price target on shares of Estée Lauder Companies from $200.00 to $180.00 and set an outperform rating for the company in a research report on Tuesday, August 22nd. DA Davidson reduced their price target on shares of Estée Lauder Companies from $185.00 to $146.00 and set a buy rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group reduced their price target on shares of Estée Lauder Companies from $216.00 to $185.00 and set a buy rating for the company in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $180.70.

Estée Lauder Companies Price Performance

EL stock opened at $110.96 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 1.33. Estée Lauder Companies has a one year low of $102.22 and a one year high of $283.62. The firm has a market capitalization of $39.69 billion, a PE ratio of 73.00, a P/E/G ratio of 2.64 and a beta of 1.08. The firm has a 50-day moving average of $143.71 and a two-hundred day moving average of $175.27.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.33. Estée Lauder Companies had a net margin of 3.54% and a return on equity of 13.93%. The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s quarterly revenue was down 10.6% on a year-over-year basis. On average, analysts forecast that Estée Lauder Companies will post 2.3 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 173.69%.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 1,796 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.93, for a total transaction of $272,866.28. Following the transaction, the director now owns 48,845 shares of the company’s stock, valued at $7,421,020.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Jane Lauder sold 12,661 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $152.75, for a total transaction of $1,933,967.75. Following the transaction, the executive vice president now owns 55,800 shares of the company’s stock, valued at $8,523,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charlene Barshefsky sold 1,796 shares of Estée Lauder Companies stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.93, for a total transaction of $272,866.28. Following the sale, the director now owns 48,845 shares in the company, valued at approximately $7,421,020.85. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Estée Lauder Companies by 96,738.6% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 649,839,437 shares of the company’s stock worth $127,615,469,000 after buying an additional 649,168,383 shares in the last quarter. State Street Corp boosted its stake in Estée Lauder Companies by 1.9% during the second quarter. State Street Corp now owns 10,019,387 shares of the company’s stock worth $1,967,607,000 after buying an additional 184,641 shares in the last quarter. Morgan Stanley boosted its stake in Estée Lauder Companies by 20.0% during the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after buying an additional 1,167,553 shares in the last quarter. Royal Bank of Canada boosted its stake in Estée Lauder Companies by 3.1% during the second quarter. Royal Bank of Canada now owns 4,867,672 shares of the company’s stock worth $955,912,000 after buying an additional 146,006 shares in the last quarter. Finally, Capital International Investors boosted its stake in Estée Lauder Companies by 115.1% during the second quarter. Capital International Investors now owns 4,584,843 shares of the company’s stock worth $900,212,000 after buying an additional 2,453,830 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, 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.