Estee Lauder Companies (NYSE:EL) Price Target Raised to $112.00

Estee Lauder Companies (NYSE:EL) had its price target hoisted by Morgan Stanley from $102.00 to $112.00 in a research report released on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research analysts have also issued reports on EL. Weiss Ratings upgraded shares of Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. B. Riley Financial reissued a “neutral” rating and set a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. UBS Group upped their price target on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Estee Lauder Companies from $94.00 to $112.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group raised their price target on shares of Estee Lauder Companies from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Estee Lauder Companies currently has a consensus rating of “Hold” and an average target price of $105.24.

Estee Lauder Companies Price Performance

Shares of EL opened at $104.53 on Thursday. Estee Lauder Companies has a 12-month low of $66.22 and a 12-month high of $121.64. The business has a 50-day simple moving average of $96.88 and a two-hundred day simple moving average of $86.78. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 1.79. The stock has a market cap of $37.82 billion, a PE ratio of 213.33, a PEG ratio of 1.21 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Analysts anticipate that Estee Lauder Companies will post 3.31 earnings per share for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is presently 285.71%.

Insider Transactions at Estee Lauder Companies

In related news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total value of $802,383.12. Following the sale, the vice president directly owned 14,357 shares in the company, valued at $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the sale, the director owned 417,300 shares in the company, valued at $40,966,341. The trade was a 12.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 75,105 shares of company stock worth $7,423,185 over the last ninety days. 11.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in shares of Estee Lauder Companies in the 2nd quarter valued at $28,000. Kozak & Associates Inc. acquired a new stake in shares of Estee Lauder Companies during the second quarter worth $30,000. IFP Advisors Inc increased its position in shares of Estee Lauder Companies by 35.2% during the second quarter. IFP Advisors Inc now owns 415 shares of the company’s stock worth $33,000 after buying an additional 108 shares during the period. Meeder Asset Management Inc. increased its position in shares of Estee Lauder Companies by 1,732.5% during the first quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock worth $53,000 after buying an additional 693 shares during the period. Finally, MBM Wealth Consultants LLC bought a new position in Estee Lauder Companies during the first quarter worth $94,000. Institutional investors own 55.15% of the company’s stock.

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global beauty company that develops, markets and sells prestige skincare, makeup, fragrance and hair care products. Its portfolio includes brands such as Estée Lauder, Clinique, La Mer, MAC, Bobbi Brown, Jo Malone London, Aveda, The Ordinary and Tom Ford Beauty.

The company’s products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.