Estee Lauder Companies (NYSE:EL) Given New $100.00 Price Target at Evercore ISI

Estee Lauder Companies (NYSE:EL) had its price target upped by Evercore ISI from $90.00 to $100.00 in a report released on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also commented on EL. UBS Group lifted their price objective 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. Canaccord Genuity Group dropped their price target on Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a research report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $71.00 to $95.00 in a research report on Monday. Barclays lifted their target price on Estee Lauder Companies from $56.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, May 29th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $76.00 price target on shares of Estee Lauder Companies in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.50.

Estee Lauder Companies Stock Up 2.0%

Estee Lauder Companies stock opened at $79.15 on Thursday. The company has a market capitalization of $28.47 billion, a P/E ratio of -32.70, a PEG ratio of 8.01 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $113.48. The stock has a 50-day simple moving average of $65.76 and a 200-day simple moving average of $68.91.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Equities research analysts expect that Estee Lauder Companies will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies’s dividend payout ratio is presently -57.85%.

Institutional Trading of Estee Lauder Companies

A number of hedge funds have recently bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its stake in Estee Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock worth $6,838,000 after buying an additional 4,690 shares during the last quarter. IFP Advisors Inc increased its position in Estee Lauder Companies by 56.0% during the fourth quarter. IFP Advisors Inc now owns 1,257 shares of the company’s stock worth $94,000 after purchasing an additional 451 shares during the last quarter. Bank of New York Mellon Corp increased its position in Estee Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after purchasing an additional 1,330,840 shares during the last quarter. New York Life Investment Management LLC raised its stake in Estee Lauder Companies by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 34,276 shares of the company’s stock worth $2,570,000 after purchasing an additional 210 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Estee Lauder Companies by 1.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 90,578 shares of the company’s stock valued at $6,792,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

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