Estée Lauder Companies (NYSE:EL) Trading Up 7.8% – Time to Buy?

The Estée Lauder Companies Inc. (NYSE:EL) rose 7.8% on Monday . The stock traded as high as $72.75 and last traded at $72.56. Approximately 1,940,618 shares traded hands during trading, a decline of 53% from the average daily volume of 4,143,595 shares. The stock had previously closed at $67.31.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EL. Wall Street Zen downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Thursday, May 1st. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a research report on Tuesday, April 29th. Finally, B. Riley reiterated a “neutral” rating and set a $60.00 price target (down previously from $70.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $75.15.

Estée Lauder Companies Stock Up 10.7%

The firm’s 50-day moving average is $61.78 and its 200 day moving average is $68.88. The firm has a market capitalization of $26.80 billion, a P/E ratio of -38.20, a PEG ratio of 6.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies’s payout ratio is -57.85%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC grew its position in shares of Estée Lauder Companies by 8.4% in the 4th quarter. Empowered Funds LLC now owns 3,721 shares of the company’s stock valued at $279,000 after acquiring an additional 287 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Estée Lauder Companies by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 90,785 shares of the company’s stock valued at $6,774,000 after purchasing an additional 1,330 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Estée Lauder Companies by 13.0% during the 4th quarter. V Square Quantitative Management LLC now owns 6,594 shares of the company’s stock worth $494,000 after buying an additional 757 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Estée Lauder Companies by 5.4% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after buying an additional 4,690 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in Estée Lauder Companies during the fourth quarter worth approximately $1,153,000. 55.15% of the stock is currently owned by institutional investors.

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, and powders, as well as compacts, brushes, and other makeup tools.