Estee Lauder Companies, Inc. (The) (NYSE:EL) PT Raised to $126.00 at BMO Capital Markets

Estee Lauder Companies, Inc. (The) (NYSE:EL) had its price target boosted by BMO Capital Markets from $107.00 to $126.00 in a research report report published on Thursday, November 2nd. They currently have a market perform rating on the stock.

A number of other analysts have also weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $110.00 target price (up previously from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, August 10th. DA Davidson reissued a hold rating and issued a $125.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, November 2nd. They noted that the move was a valuation call. BidaskClub raised shares of Estee Lauder Companies, Inc. (The) from a hold rating to a buy rating in a research note on Monday, July 31st. Bank of America Corporation increased their price target on shares of Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the company a buy rating in a research report on Monday, July 10th. Finally, Royal Bank Of Canada set a $115.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the company a buy rating in a research report on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $117.42.

Estee Lauder Companies, Inc. (NYSE EL) opened at $126.02 on Thursday. Estee Lauder Companies, Inc. has a twelve month low of $75.30 and a twelve month high of $126.99. The firm has a market cap of $46,515.57, a PE ratio of 32.81, a P/E/G ratio of 2.44 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.24. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. analysts predict that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is 36.76%.

In other news, CFO Tracey Thomas Travis sold 5,469 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $122.00, for a total transaction of $667,218.00. Following the transaction, the chief financial officer now owns 37,083 shares in the company, valued at approximately $4,524,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry S. Sternlicht sold 10,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $106.30, for a total value of $1,063,000.00. Following the transaction, the director now owns 40,982 shares in the company, valued at approximately $4,356,386.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 798,654 shares of company stock worth $88,467,343. 16.24% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC increased its stake in shares of Estee Lauder Companies, Inc. (The) by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after acquiring an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Estee Lauder Companies, Inc. (The) by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after acquiring an additional 633 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter worth $147,000. Sun Life Financial INC increased its stake in shares of Estee Lauder Companies, Inc. (The) by 16,290.0% in the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after acquiring an additional 1,629 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Estee Lauder Companies, Inc. (The) by 4.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 56.26% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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