Estée Lauder Companies (NYSE:EL) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reissued their hold rating on shares of Estée Lauder Companies (NYSE:EL) in a report published on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a $100.00 price target on the stock.

A number of other equities analysts have also recently weighed in on the company. Telsey Advisory Group reaffirmed a market perform rating and issued a $115.00 price target on shares of Estée Lauder Companies in a report on Monday. Piper Sandler reduced their target price on Estée Lauder Companies from $141.00 to $108.00 and set a neutral rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company decreased their target price on Estée Lauder Companies from $163.00 to $130.00 and set an overweight rating on the stock in a research report on Wednesday, July 10th. StockNews.com raised shares of Estée Lauder Companies from a sell rating to a hold rating in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Estée Lauder Companies from $145.00 to $129.00 and set an overweight rating for the company in a research report on Friday, July 12th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $124.39.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $91.44 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market capitalization of $32.79 billion, a price-to-earnings ratio of 51.37, a PEG ratio of 1.79 and a beta of 0.99. The firm’s 50 day simple moving average is $101.24 and its 200-day simple moving average is $126.48. Estée Lauder Companies has a 12 month low of $86.05 and a 12 month high of $165.76.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the business earned $0.07 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts expect that Estée Lauder Companies will post 2.21 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.89%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.77% of the stock is currently owned by insiders.

Institutional Trading of Estée Lauder Companies

Several institutional investors have recently made changes to their positions in EL. Riverview Trust Co acquired a new stake in Estée Lauder Companies during the first quarter worth $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after purchasing an additional 99 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth about $30,000. PARK CIRCLE Co purchased a new stake in Estée Lauder Companies in the 2nd quarter valued at about $32,000. Finally, Kimelman & Baird LLC purchased a new stake in Estée Lauder Companies in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

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