Estee Lauder Companies, Inc. (The)’s (NYSE:EL) Hold Rating Reaffirmed at DA Davidson

DA Davidson reissued their hold rating on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a research report report published on Thursday, November 2nd. They currently have a $125.00 target price on the stock. The analysts noted that the move was a valuation call.

EL has been the subject of several other reports. Oppenheimer Holdings, Inc. reissued an outperform rating and set a $110.00 target price (up from $100.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, August 10th. 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 boosted 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 report on Monday, July 10th. 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 report on Monday, August 21st. Finally, Jefferies Group LLC restated a buy rating and set a $112.00 price target (up previously from $110.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Monday, August 21st. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $117.42.

Estee Lauder Companies, Inc. (NYSE EL) traded up $0.32 during trading on Thursday, reaching $125.50. 1,889,408 shares of the company’s stock were exchanged, compared to its average volume of 1,928,109. The firm has a market cap of $46,210.00, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $126.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates 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 business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. research analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given 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 a boost from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 36.76%.

In other news, CFO Tracey Thomas Travis sold 5,469 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $122.00, for a total value of $667,218.00. Following the sale, the chief financial officer now directly owns 37,083 shares in the company, valued at $4,524,126. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $125.53, for a total transaction of $71,552,100.00. The disclosure for this sale can be found here. Insiders sold a total of 1,141,622 shares of company stock valued at $138,528,600 in the last 90 days. Corporate insiders own 16.24% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of EL. Acrospire Investment Management LLC increased its holdings in Estee Lauder Companies, Inc. (The) by 2,291.7% during the second quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Estee Lauder Companies, Inc. (The) by 126.1% during the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock worth $123,000 after purchasing an additional 633 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the second quarter worth $147,000. Sun Life Financial INC boosted its position in Estee Lauder Companies, Inc. (The) by 16,290.0% during the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after purchasing an additional 1,629 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Estee Lauder Companies, Inc. (The) by 4.8% in the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 54.28% of the company’s stock.

Estee Lauder Companies, Inc. (The) Company Profile

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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