Barclays Raises Estée Lauder Companies (NYSE:EL) Price Target to $150.00

Estée Lauder Companies (NYSE:EL) had its target price hoisted by Barclays from $146.00 to $150.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on the company. Bank of America raised Estée Lauder Companies from a neutral rating to a buy rating and increased their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. Telsey Advisory Group reiterated a market perform rating and issued a $155.00 price target on shares of Estée Lauder Companies in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut shares of Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price objective on the stock. in a report on Tuesday, January 2nd. DA Davidson restated a buy rating and issued a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Finally, Royal Bank of Canada increased their target price on 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. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of Hold and an average price target of $168.17.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $147.45 on Thursday. The stock has a market cap of $52.86 billion, a P/E ratio of 113.42, a PEG ratio of 3.86 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $146.86 and its two-hundred day moving average price is $138.22. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $250.63.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the prior year, the business earned $1.54 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities analysts predict that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is presently 203.08%.

Institutional Trading of Estée Lauder Companies

A number of large investors have recently added to or reduced their stakes in EL. Keybank National Association OH increased its position in Estée Lauder Companies by 11.3% in the third quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock worth $651,000 after purchasing an additional 458 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Estée Lauder Companies by 517.6% in the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after buying an additional 39,082 shares during the last quarter. ICICI Prudential Asset Management Co Ltd raised its position in shares of Estée Lauder Companies by 221.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock valued at $9,075,000 after buying an additional 43,280 shares in the last quarter. YCG LLC lifted its holdings in shares of Estée Lauder Companies by 5.7% in the 4th quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after acquiring an additional 9,619 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Estée Lauder Companies by 37.1% in the third quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock worth $205,776,000 after acquiring an additional 381,860 shares in the last quarter. Institutional investors 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.