Estée Lauder Companies (NYSE:EL) Given New $75.00 Price Target at Deutsche Bank Aktiengesellschaft

Estée Lauder Companies (NYSE:EL) had its target price cut by Deutsche Bank Aktiengesellschaft from $98.00 to $75.00 in a research report released on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada dropped their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday. UBS Group decreased their price objective 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, August 20th. Wells Fargo & Company cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Finally, StockNews.com lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.90.

Estée Lauder Companies Trading Down 1.2 %

Shares of NYSE EL traded down $0.79 during mid-day trading on Monday, hitting $65.66. The stock had a trading volume of 960,102 shares, compared to its average volume of 3,366,015. The business has a 50 day moving average price of $89.53 and a two-hundred day moving average price of $105.43. Estée Lauder Companies has a 1 year low of $63.36 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market cap of $23.55 billion, a P/E ratio of 118.66, a price-to-earnings-growth ratio of 1.17 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, equities analysts anticipate that Estée Lauder Companies will post 2.95 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.13%. Estée Lauder Companies’s payout ratio is 471.43%.

Insider Activity

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several large investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Estée Lauder Companies by 28.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,907 shares of the company’s stock valued at $8,310,000 after acquiring an additional 11,966 shares during the period. Daiwa Securities Group Inc. grew its stake in Estée Lauder Companies by 27.5% in the first quarter. Daiwa Securities Group Inc. now owns 26,542 shares of the company’s stock valued at $4,092,000 after purchasing an additional 5,723 shares during the last quarter. Financial Counselors Inc. raised its holdings in Estée Lauder Companies by 4.2% in the first quarter. Financial Counselors Inc. now owns 3,687 shares of the company’s stock worth $568,000 after purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares during the last quarter. Finally, 9258 Wealth Management LLC boosted its holdings in shares of Estée Lauder Companies by 9.0% in the 1st quarter. 9258 Wealth Management LLC now owns 3,317 shares of the company’s stock valued at $511,000 after buying an additional 274 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

About Estée 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.