Estee Lauder Companies (NYSE:EL) Price Target Raised to $100.00 at Canaccord Genuity Group

Estee Lauder Companies (NYSE:EL) had its price target lifted by Canaccord Genuity Group from $85.00 to $100.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other brokerages also recently weighed in on EL. Bank of America began coverage on Estee Lauder Companies in a research report on Thursday, July 10th. They issued a “buy” rating and a $110.00 target price for the company. Royal Bank Of Canada increased their price target on Estee Lauder Companies from $90.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on Estee Lauder Companies from $99.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Wall Street Zen raised Estee Lauder Companies from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Evercore ISI increased their price target on Estee Lauder Companies from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Estee Lauder Companies presently has an average rating of “Hold” and an average target price of $92.05.

Estee Lauder Companies Price Performance

Shares of NYSE EL opened at $100.08 on Monday. Estee Lauder Companies has a 1-year low of $48.37 and a 1-year high of $104.53. The business has a 50-day moving average of $90.97 and a 200-day moving average of $80.14. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The company has a market capitalization of $36.02 billion, a price-to-earnings ratio of -31.87, a PEG ratio of 1.87 and a beta of 1.16.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s revenue was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, equities analysts anticipate that Estee Lauder Companies will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -44.59%.

Insider Buying and Selling

In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the transaction, the director owned 15,479 shares of the company’s stock, valued at $1,418,650.35. This trade represents a 19.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lande Rashida La sold 6,417 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. Company insiders own 13.05% of the company’s stock.

Institutional Trading of Estee Lauder Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Estee Lauder Companies by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 26,904,441 shares of the company’s stock worth $2,173,879,000 after purchasing an additional 341,235 shares during the period. State Street Corp raised its position in shares of Estee Lauder Companies by 0.6% during the 2nd quarter. State Street Corp now owns 10,859,539 shares of the company’s stock worth $877,451,000 after purchasing an additional 69,959 shares during the period. Independent Franchise Partners LLP raised its position in shares of Estee Lauder Companies by 1.5% during the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company’s stock worth $526,445,000 after purchasing an additional 118,276 shares during the period. Invesco Ltd. raised its position in shares of Estee Lauder Companies by 13.7% during the 2nd quarter. Invesco Ltd. now owns 7,596,379 shares of the company’s stock worth $613,787,000 after purchasing an additional 914,594 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Estee Lauder Companies by 17.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,912,792 shares of the company’s stock worth $475,710,000 after purchasing an additional 892,631 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.