Analysts Set The Estee Lauder Companies Inc. (NYSE:EL) Price Target at $75.15

Shares of The Estee Lauder Companies Inc. (NYSE:EL) have been assigned an average recommendation of “Hold” from the twenty-two ratings firms that are covering the firm, Marketbeat reports. Eighteen investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $75.15.

A number of brokerages have commented on EL. Stifel Nicolaus decreased their price target on shares of Estee Lauder Companies from $77.00 to $67.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. UBS Group boosted their price target on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Estee Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Canaccord Genuity Group decreased their price target on shares of Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada decreased their price target on shares of Estee Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $75.29 on Wednesday. The company has a fifty day moving average of $63.85 and a 200-day moving average of $68.95. The firm has a market capitalization of $27.09 billion, a P/E ratio of -31.11, a P/E/G ratio of 9.33 and a beta of 1.12. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. Estee Lauder Companies has a twelve month low of $48.37 and a twelve month high of $115.82.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. Estee Lauder Companies’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, sell-side analysts anticipate that Estee Lauder Companies will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -57.85%.

Hedge Funds Weigh In On Estee Lauder Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in Estee Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company’s stock valued at $1,078,406,000 after purchasing an additional 8,930,011 shares during the last quarter. Capital World Investors purchased a new stake in Estee Lauder Companies during the fourth quarter valued at about $554,509,000. Norges Bank purchased a new stake in Estee Lauder Companies during the fourth quarter valued at about $251,304,000. American Century Companies Inc. lifted its holdings in Estee Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company’s stock valued at $250,704,000 after purchasing an additional 3,313,557 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Estee Lauder Companies by 148.9% during the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company’s stock valued at $410,984,000 after purchasing an additional 3,278,632 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee 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, and powders, as well as compacts, brushes, and other makeup tools.