Estée Lauder Companies (NYSE:EL) Given New $70.00 Price Target at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its price target reduced by Canaccord Genuity Group from $76.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Thursday, October 31st. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research report on Wednesday, October 16th. Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. Piper Sandler increased their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Twenty research 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 a consensus price target of $90.55.

Estée Lauder Companies Stock Down 5.3 %

NYSE EL opened at $65.79 on Wednesday. Estée Lauder Companies has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $23.62 billion, a P/E ratio of 117.49, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The stock’s 50-day moving average price is $77.22 and its 200-day moving average price is $83.52.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. On average, equities research analysts predict that Estée Lauder Companies will post 1.5 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares in the company, valued at $15,010,345. This represents a 49.36 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

A number of large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies in the third quarter worth $31,000. Ameliora Wealth Management Ltd. bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $29,000. Deseret Mutual Benefit Administrators increased its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares during the period. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies during the 4th quarter valued at about $30,000. Finally, Eagle Bay Advisors LLC boosted its position in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Hedge funds and other 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.