Estée Lauder Companies (NYSE:EL) PT Raised to $191.00 at DA Davidson

Estée Lauder Companies (NYSE:EL) had its price objective increased by DA Davidson from $179.00 to $191.00 in a research report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Royal Bank of Canada lifted their target price on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. Telsey Advisory Group raised their price target on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the stock a market perform rating in a report on Tuesday, February 6th. StockNews.com cut shares of Estée Lauder Companies from a hold rating to a sell rating in a report on Wednesday, February 14th. Finally, Barclays lifted their price objective on shares of Estée Lauder Companies from $141.00 to $146.00 and gave the company an equal weight rating in a report on Friday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $168.00.

Estée Lauder Companies Price Performance

EL stock opened at $137.23 on Monday. The company has a fifty day moving average price of $146.74 and a 200-day moving average price of $138.08. The company has a market capitalization of $49.19 billion, a P/E ratio of 105.56, a PEG ratio of 3.61 and a beta of 1.07. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $260.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 earnings per share. As a group, equities analysts expect that Estée Lauder Companies will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

Institutional Trading of Estée Lauder Companies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Money Concepts Capital Corp grew its stake in Estée Lauder Companies by 32.3% during the fourth quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock valued at $52,000 after acquiring an additional 51 shares in the last quarter. Fiduciary Trust Co. grew its stake in Estée Lauder Companies by 0.7% during the first quarter. Fiduciary Trust Co. now owns 7,068 shares of the company’s stock valued at $1,742,000 after acquiring an additional 52 shares in the last quarter. Moreno Evelyn V grew its stake in Estée Lauder Companies by 0.5% during the third quarter. Moreno Evelyn V now owns 16,492 shares of the company’s stock valued at $2,384,000 after acquiring an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Estée Lauder Companies by 0.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after acquiring an additional 76 shares in the last quarter. Finally, Magnolia Capital Advisors LLC grew its stake in Estée Lauder Companies by 2.6% during the fourth quarter. Magnolia Capital Advisors LLC now owns 3,019 shares of the company’s stock valued at $749,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

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.