Estee Lauder Companies, Inc. (The) (NYSE:EL) Price Target Raised to $128.00 at Citigroup Inc.

Estee Lauder Companies, Inc. (The) (NYSE:EL) had its price objective lifted by Citigroup Inc. from $111.00 to $128.00 in a research report report published on Thursday, November 2nd. Citigroup Inc. currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on the company. Telsey Advisory Group lifted their price target on Estee Lauder Companies, Inc. (The) from $105.00 to $115.00 and gave the stock an outperform rating in a research note on Tuesday, August 15th. Bank of America Corporation lifted their price target on Estee Lauder Companies, Inc. (The) from $115.00 to $122.00 and gave the stock a buy rating in a research note on Friday, October 13th. Wells Fargo & Company reissued an outperform rating and issued a $106.00 target price (up previously from $103.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Sanford C. Bernstein reissued an outperform rating and issued a $117.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, August 29th. Finally, DA Davidson reissued a hold rating and issued a $125.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, November 2nd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $117.42.

Estee Lauder Companies, Inc. (NYSE EL) traded down $0.30 during trading hours on Thursday, reaching $126.02. The company’s stock had a trading volume of 1,431,700 shares, compared to its average volume of 1,932,769. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $46,515.57, a price-to-earnings ratio of 32.81, a PEG ratio of 2.44 and a beta of 0.68. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $126.99.

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

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

In other news, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $105.41, for a total transaction of $210,820.00. Following the transaction, the director now directly owns 26,240 shares in the company, valued at $2,765,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tracey Thomas Travis sold 5,469 shares of the company’s 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 $4,524,126. The disclosure for this sale can be found here. Insiders have sold 798,654 shares of company stock worth $88,467,343 over the last ninety days. Insiders own 16.24% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of EL. Swiss National Bank increased its position in shares of Estee Lauder Companies, Inc. (The) by 3.1% during the second quarter. Swiss National Bank now owns 812,196 shares of the company’s stock worth $77,955,000 after acquiring an additional 24,600 shares in the last quarter. Prudential Financial Inc. grew its position in Estee Lauder Companies, Inc. (The) by 3.5% in the second quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock valued at $31,060,000 after purchasing an additional 10,921 shares in the last quarter. Comgest Global Investors S.A.S. bought a new position in Estee Lauder Companies, Inc. (The) in the second quarter valued at $2,266,000. Clinton Group Inc. bought a new position in Estee Lauder Companies, Inc. (The) in the second quarter valued at $529,000. Finally, JPMorgan Chase & Co. grew its position in Estee Lauder Companies, Inc. (The) by 146.4% in the second quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock valued at $124,963,000 after purchasing an additional 773,666 shares in the last quarter. Institutional investors own 56.26% 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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