Credit Suisse Group Begins Coverage on Est�e Lauder Companies (NYSE:EL)

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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.

Est�e Lauder Companies (NYSE:EL) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. Est�e Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.22 earnings per share. analysts predict that Est�e Lauder Companies will post 4.36 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Est�e Lauder Companies (NYSE:EL)

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