Estée Lauder Companies (NYSE:EL) Stock Rating Reaffirmed by Oppenheimer

Oppenheimer reiterated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research note issued to investors on Monday morning, Benzinga reports.

Other equities analysts have also issued research reports about the stock. Telsey Advisory Group boosted their price target on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a market perform rating in a report on Tuesday, February 6th. Barclays boosted their price target 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. StockNews.com lowered shares of Estée Lauder Companies from a hold rating to a sell rating in a report on Wednesday, February 14th. Bank of America raised shares of Estée Lauder Companies from a neutral rating to a buy rating and boosted their price target for the company from $160.00 to $170.00 in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price target for the company. in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $168.00.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $137.23 on Monday. The firm has a fifty day moving average of $146.74 and a two-hundred day moving average of $138.08. The stock has a market capitalization of $49.19 billion, a price-to-earnings 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 issued its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS. As a group, equities research analysts predict 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. Shareholders of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.92%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Money Concepts Capital Corp raised its holdings in shares of Estée Lauder Companies by 32.3% in the 4th quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock valued at $52,000 after purchasing an additional 51 shares during the period. Fiduciary Trust Co. raised its holdings in Estée Lauder Companies by 0.7% in the 1st 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 during the period. Moreno Evelyn V raised its holdings in Estée Lauder Companies by 0.5% in the 3rd 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 during the period. Cullen Frost Bankers Inc. raised its holdings in Estée Lauder Companies by 0.5% in the 4th 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 during the period. Finally, Magnolia Capital Advisors LLC raised its holdings in Estée Lauder Companies by 2.6% in the 4th 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 during the period. 55.15% of the stock is owned by institutional investors.

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.