Credit Suisse Group assumed coverage on shares of Est�e Lauder Companies (NYSE:EL) in a report published on Monday, March 12th, MarketBeat Ratings reports. The firm issued an outperform rating and a $162.00 price target on the stock.
EL has been the subject of a number of other reports. Macquarie lifted their price target on shares of Est�e Lauder Companies from $1.45 to $1.50 and gave the company an outperform rating in a research report on Thursday, December 21st. Deutsche Bank started coverage on shares of Est�e Lauder Companies in a research note on Wednesday, December 13th. They set a hold rating and a $134.00 price objective for the company. Zacks Investment Research cut shares of Est�e Lauder Companies from a strong-buy rating to a hold rating in a research note on Tuesday, January 2nd. Oppenheimer lifted their target price on shares of Est�e Lauder Companies from $130.00 to $148.00 and gave the stock an outperform rating in a research note on Tuesday, January 23rd. Finally, Jefferies Group set a $140.00 target price on shares of Est�e Lauder Companies and gave the stock a buy rating in a research note on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Est�e Lauder Companies presently has a consensus rating of Buy and an average target price of $135.77.
NYSE:EL opened at $150.25 on Monday. The firm has a market capitalization of $55,350.29, a P/E ratio of 43.30, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64. Est�e Lauder Companies has a 12 month low of $83.67 and a 12 month high of $153.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, February 27th. Est�e Lauder Companies’s dividend payout ratio is currently 43.80%.
In other Est�e Lauder Companies news, insider Fabrizio Freda sold 54,610 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $140.78, for a total value of $7,687,995.80. Following the transaction, the insider now owns 127,784 shares in the company, valued at approximately $17,989,431.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Carl P. Haney sold 6,525 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $137.52, for a total transaction of $897,318.00. Following the completion of the transaction, the executive vice president now owns 6,525 shares in the company, valued at approximately $897,318. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,642 shares of company stock valued at $29,740,621. Company insiders own 16.24% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in EL. Harvest Fund Management Co. Ltd acquired a new position in shares of Est�e Lauder Companies during the 4th quarter worth $126,000. Cerebellum GP LLC acquired a new position in Est�e Lauder Companies in the 4th quarter valued at $130,000. CNB Bank acquired a new position in Est�e Lauder Companies in the 4th quarter valued at $141,000. Winslow Evans & Crocker Inc. grew its stake in Est�e Lauder Companies by 2,750.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after buying an additional 1,100 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in Est�e Lauder Companies in the 4th quarter valued at $160,000. Institutional investors own 54.13% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Credit Suisse Group Begins Coverage on Est�e Lauder Companies (NYSE:EL)” was first posted by BBNS and is owned by of BBNS. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://baseballnewssource.com/2018/04/07/credit-suisse-group-initiates-coverage-on-estee-lauder-companies-el/2038145.html.
About Est�e Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
Receive News & Ratings for Est�e Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Est�e Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.