Estee Lauder Companies (NYSE:EL) Price Target Raised to $120.00

Estee Lauder Companies (NYSE:EL) had its target price increased by Jefferies Financial Group from $100.00 to $120.00 in a report released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts have also issued research reports about the company. UBS Group boosted their price target on Estee Lauder Companies from $86.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Morgan Stanley raised their price objective on Estee Lauder Companies from $102.00 to $112.00 and gave the company an “equal weight” rating in a research note on Thursday, October 15th. Piper Sandler lifted their price objective on Estee Lauder Companies from $95.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. B. Riley Financial reaffirmed a “neutral” rating and set a $100.00 price objective (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 target price on shares of Estee Lauder Companies in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Estee Lauder Companies has an average rating of “Hold” and an average price target of $106.33.

Estee Lauder Companies Stock Down 2.4%

EL stock opened at $103.56 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $97.93 and its 200 day moving average price is $87.65. Estee Lauder Companies has a 52 week low of $66.22 and a 52 week high of $121.64. The company has a market cap of $37.47 billion, a P/E ratio of 42.28, a P/E/G ratio of 1.23 and a beta of 1.27.

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

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 31st. Estee Lauder Companies’s dividend payout ratio (DPR) is 285.71%.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,775 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total value of $373,045.50. Following the sale, the director directly owned 50,971 shares in the company, valued at $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rashida La Lande sold 7,766 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the sale, the vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 75,105 shares of company stock worth $7,423,185. Insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EL. Pictet Asset Management Holding SA raised its position in shares of Estee Lauder Companies by 14.6% in the first quarter. Pictet Asset Management Holding SA now owns 973,478 shares of the company’s stock valued at $69,854,000 after buying an additional 124,079 shares during the last quarter. Nykredit A S purchased a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $6,750,000. S&CO Inc. purchased a new position in shares of Estee Lauder Companies during the second quarter valued at approximately $5,586,000. Tidal Investments LLC lifted its stake in shares of Estee Lauder Companies by 24.9% during the second quarter. Tidal Investments LLC now owns 1,137,758 shares of the company’s stock valued at $89,826,000 after buying an additional 226,888 shares during the period. Finally, SummitTX Capital L.P. acquired a new stake in Estee Lauder Companies during the first quarter worth approximately $7,608,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Company Profile

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

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.