Estée Lauder Companies (NYSE:EL) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Estée Lauder Companies (NYSE:EL) in a research note issued to investors on Tuesday, Benzinga reports. Royal Bank of Canada currently has a $131.00 target price on the stock.

Several other brokerages also recently weighed in on EL. Canaccord Genuity Group reissued a hold rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Tuesday. Morgan Stanley downgraded shares of Estée Lauder Companies from an overweight rating to an equal weight rating and reduced their price objective for the company from $164.00 to $140.00 in a research note on Friday, May 3rd. UBS Group decreased their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a neutral rating on the stock in a research report on Tuesday. Citigroup cut their price target on Estée Lauder Companies from $175.00 to $135.00 and set a buy rating for the company in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group lowered their price objective on Estée Lauder Companies from $130.00 to $115.00 and set a neutral rating for the company in a research report on Wednesday, July 17th. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $124.39.

Estée Lauder Companies Stock Up 2.4 %

EL stock opened at $93.67 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 company’s 50 day simple moving average is $100.83 and its 200-day simple moving average is $126.09. Estée Lauder Companies has a 12 month low of $86.05 and a 12 month high of $165.76. The firm has a market capitalization of $33.59 billion, a PE ratio of 52.62, a P/E/G ratio of 1.79 and a beta of 0.99.

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

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky raised its position in shares of Estée Lauder Companies by 113.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock valued at $22,900,000 after purchasing an additional 83,320 shares in the last quarter. BNP Paribas acquired a new stake in Estée Lauder Companies in the first quarter valued at $997,000. Transcend Capital Advisors LLC bought a new position in Estée Lauder Companies during the 2nd quarter valued at $558,000. Public Employees Retirement Association of Colorado grew its holdings in Estée Lauder Companies by 3,477.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock worth $82,804,000 after acquiring an additional 550,355 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Estée Lauder Companies by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 367,218 shares of the company’s stock worth $56,608,000 after purchasing an additional 5,915 shares during the last quarter. 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.