Estee Lauder Companies (NYSE:EL) Price Target Raised to $109.00

Estee Lauder Companies (NYSE:EL) had its target price upped by Canaccord Genuity Group from $90.00 to $109.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts also recently commented on EL. UBS Group upped their price objective on shares of Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. B. Riley Financial restated a “neutral” rating and set a $100.00 target price (up from $85.00) on shares of Estee Lauder Companies in a research note on Thursday, August 20th. Morgan Stanley raised their target price on shares of Estee Lauder Companies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Telsey Advisory Group lifted their target price on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. Finally, TD Cowen upped their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $107.71.

Estee Lauder Companies Stock Performance

Shares of NYSE EL opened at $108.70 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. Estee Lauder Companies has a 12 month low of $66.22 and a 12 month high of $121.64. The stock has a 50 day moving average of $98.80 and a 200-day moving average of $88.07. The company has a market capitalization of $39.33 billion, a P/E ratio of 221.83, a P/E/G ratio of 1.25 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the firm earned $0.09 EPS. The firm’s 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. As a group, equities research analysts predict that Estee Lauder Companies will post 3.32 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 31st. Estee Lauder Companies’s dividend payout ratio is presently 285.71%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg sold 58,000 shares of Estee Lauder Companies 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 directly owned 417,300 shares in the company, valued at approximately $40,966,341. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,775 shares of the business’s 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 completion of the sale, the director owned 50,971 shares of the company’s stock, valued at approximately $5,036,954.22. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 75,105 shares of company stock worth $7,423,185 in the last quarter. Corporate insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Estee Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in EL. Bank of America Corp DE boosted its position in Estee Lauder Companies by 950.9% during the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after buying an additional 12,526,471 shares during the period. Ninety One UK Ltd acquired a new position in Estee Lauder Companies in the 3rd quarter valued at approximately $134,551,000. KBC Group NV increased its position in Estee Lauder Companies by 910.3% in the 1st quarter. KBC Group NV now owns 707,692 shares of the company’s stock valued at $50,792,000 after acquiring an additional 637,641 shares during the period. Amundi increased its position in Estee Lauder Companies by 33.8% in the 1st quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after acquiring an additional 482,185 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Estee Lauder Companies by 1,629.2% during the second quarter. Assenagon Asset Management S.A. now owns 412,570 shares of the company’s stock valued at $32,572,000 after acquiring an additional 388,711 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

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.