Estée Lauder Companies (NYSE:EL) Price Target Lowered to $130.00 at Wells Fargo & Company

Estée Lauder Companies (NYSE:ELFree Report) had its price objective lowered by Wells Fargo & Company from $163.00 to $130.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently commented on the stock. StockNews.com raised shares of Estée Lauder Companies from a sell rating to a hold rating in a research note on Thursday, May 2nd. Bernstein Bank raised their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Morgan Stanley downgraded shares of Estée Lauder Companies from an overweight rating to an equal weight rating and reduced their price target for the stock from $164.00 to $140.00 in a research note on Friday, May 3rd. Finally, Telsey Advisory Group reiterated a market perform rating and set a $155.00 target price on shares of Estée Lauder Companies in a report on Wednesday, May 1st. Sixteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of Hold and a consensus target price of $157.63.

Read Our Latest Stock Report on Estée Lauder Companies

Estée Lauder Companies Trading Down 1.9 %

Shares of EL opened at $102.21 on Wednesday. Estée Lauder Companies has a twelve month low of $101.95 and a twelve month high of $196.04. The company has a market cap of $36.65 billion, a P/E ratio of 57.42, a P/E/G ratio of 1.76 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The company’s fifty day simple moving average is $120.46 and its 200-day simple moving average is $135.02.

Estée Lauder Companies (NYSE:ELGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that Estée Lauder Companies will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, May 31st. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insider Buying and Selling

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now directly owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock worth $5,453,232 in the last three months. Corporate insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors have recently made changes to their positions in EL. Rakuten Securities Inc. purchased a new position in shares of Estée Lauder Companies during the 4th quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in Estée Lauder Companies in the 1st quarter valued at $26,000. Hexagon Capital Partners LLC grew its stake in Estée Lauder Companies by 103.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares during the period. Crewe Advisors LLC acquired a new stake in Estée Lauder Companies in the 1st quarter valued at $35,000. Finally, Sunbelt Securities Inc. grew its stake in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after acquiring an additional 125 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estée Lauder Companies

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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.

Further Reading

Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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