Royal Bank Of Canada reiterated their outperform rating on shares of The Estée Lauder Companies Inc. (NYSE:EL) in a report published on Friday, November 3rd, MarketBeat Ratings reports. They currently have a $135.00 price objective on the stock, up from their previous price objective of $115.00.
A number of other equities analysts have also recently issued reports on EL. Bank of America Corporation increased their price objective on shares of The Estée Lauder Companies from $100.00 to $105.00 and gave the company a buy rating in a research note on Monday, July 10th. Stifel Nicolaus set a $108.00 target price on shares of The Estée Lauder Companies and gave the stock a buy rating in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a buy rating and issued a $110.00 target price on shares of The Estée Lauder Companies in a report on Thursday, July 6th. BidaskClub raised shares of The Estée Lauder Companies from a hold rating to a buy rating in a report on Monday, July 31st. Finally, Deutsche Bank AG reissued a buy rating and set a $108.00 price objective (up previously from $102.00) on shares of The Estée Lauder Companies in a report on Saturday, July 22nd. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The Estée Lauder Companies has an average rating of Buy and a consensus price target of $117.42.
Shares of The Estée Lauder Companies (EL) traded up $0.34 on Friday, reaching $125.84. 1,560,984 shares of the company were exchanged, compared to its average volume of 1,926,484. The Estée Lauder Companies has a 52-week low of $75.30 and a 52-week high of $126.99. The stock has a market capitalization of $46,340.00, a P/E ratio of 32.51, a PEG ratio of 2.42 and a beta of 0.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.75 and a quick ratio of 1.27.
The Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, topping the Thomson Reuters’ 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. The Estée Lauder Companies had a net margin of 13.13% and a return on equity of 37.58%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. equities analysts predict that The Estée Lauder Companies will post 4.16 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.38 per share. This is an increase from The Estée Lauder Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.21%. The Estée Lauder Companies’s payout ratio is presently 36.76%.
In related 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 stock was sold at an average price of $105.41, for a total value of $210,820.00. Following the sale, 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 accessible through this hyperlink. Also, insider Cedric Prouve sold 47,351 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $105.44, for a total value of $4,992,689.44. Following the completion of the sale, the insider now owns 176,775 shares in the company, valued at $18,639,156. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,141,622 shares of company stock valued at $138,528,600. Insiders own 16.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Dimensional Fund Advisors LP raised its position in The Estée Lauder Companies by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 461,168 shares of the company’s stock valued at $39,104,000 after buying an additional 7,646 shares during the last quarter. Gotham Asset Management LLC bought a new position in The Estée Lauder Companies in the 1st quarter valued at $414,000. Sowell Financial Services LLC bought a new position in shares of The Estée Lauder Companies during the 1st quarter worth $253,000. Perigon Wealth Management LLC grew its stake in shares of The Estée Lauder Companies by 3.1% during the 1st quarter. Perigon Wealth Management LLC now owns 20,830 shares of the company’s stock worth $1,766,000 after acquiring an additional 631 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of The Estée Lauder Companies by 1.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 48,538 shares of the company’s stock worth $4,115,000 after acquiring an additional 488 shares during the period. 54.28% of the stock is owned by institutional investors and hedge funds.
About The Estée Lauder Companies
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.
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