Shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Free Report) fell 3.7% on Tuesday after Morgan Stanley lowered their price target on the stock from $140.00 to $100.00. Morgan Stanley currently has an equal weight rating on the stock. Estée Lauder Companies traded as low as $89.05 and last traded at $89.40. 1,232,182 shares traded hands during trading, a decline of 58% from the average session volume of 2,950,719 shares. The stock had previously closed at $92.85.
Several other equities analysts also recently issued reports on EL. UBS Group reduced their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday. Bernstein Bank lifted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Piper Sandler cut their price objective on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $100.00 in a research note on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $131.00 price target on shares of Estée Lauder Companies in a research report on Tuesday. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $127.13.
Read Our Latest Analysis on EL
Insider Buying and Selling
Hedge Funds Weigh In On Estée Lauder Companies
A number of hedge funds have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth about $26,000. Hexagon Capital Partners LLC increased its position in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth about $30,000. PARK CIRCLE Co acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth about $32,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estée Lauder Companies Stock Down 4.4 %
The firm has a market cap of $31.83 billion, a price-to-earnings ratio of 50.50, a PEG ratio of 1.79 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The business’s 50-day moving average is $102.67 and its 200-day moving average is $127.28.
Estée Lauder Companies (NYSE:EL – Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.31%.
Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
Featured Stories
- Five stocks we like better than Estée Lauder Companies
- Retail Stocks Investing, Explained
- Lowe’s Stock: Hold Now, Buy it When it Dips
- Quiet Period Expirations Explained
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
- How to Calculate Options Profits
- Momentum in Palo Alto Networks: Tech Stocks Still Going Strong
Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.