Royal Bank Of Canada reissued their outperform rating on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a research report report published on Friday, November 3rd, MarketBeat Ratings reports. The firm currently has a $135.00 target price on the stock, up from their previous target price of $115.00.
EL has been the topic of several other research reports. Jefferies Group LLC lifted their price target on Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the company a hold rating in a research note on Thursday, September 7th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $117.00 target price on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, August 29th. Deutsche Bank AG reissued a buy rating and set a $108.00 price target (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, July 22nd. Stifel Nicolaus boosted their price objective on Estee Lauder Companies, Inc. (The) from $114.00 to $121.00 and gave the stock a buy rating in a report on Thursday, October 19th. Finally, Macquarie initiated coverage on Estee Lauder Companies, Inc. (The) in a research note on Friday, September 15th. They issued an outperform rating and a $124.00 price target for the company. Seven equities research 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 company’s stock. The stock presently has an average rating of Buy and an average target price of $117.42.
Shares of Estee Lauder Companies, Inc. (EL) traded down $1.41 during mid-day trading on Friday, hitting $124.61. The company’s stock had a trading volume of 1,392,200 shares, compared to its average volume of 1,930,323. 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. The company has a market cap of $46,405.10, a P/E ratio of 32.73, a P/E/G ratio of 2.43 and a beta of 0.68.
Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period last year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. equities analysts expect that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.
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 issued a dividend of $0.38 per share. This is a boost from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is currently 36.76%.
In related news, CFO Tracey Thomas Travis sold 5,469 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $122.00, for a total value of $667,218.00. Following the transaction, the chief financial officer now owns 37,083 shares of the company’s stock, valued at approximately $4,524,126. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Irvine O. Hockaday, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $105.41, for a total transaction of $210,820.00. Following the completion of the transaction, the director now directly owns 26,240 shares in the company, valued at approximately $2,765,958.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 798,654 shares of company stock valued at $88,467,343. Corporate insiders own 16.24% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Swiss National Bank lifted its stake in Estee Lauder Companies, Inc. (The) by 3.1% during the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock valued at $77,955,000 after acquiring an additional 24,600 shares during the period. Prudential Financial Inc. increased its holdings in Estee Lauder Companies, Inc. (The) by 3.5% in the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock worth $31,060,000 after acquiring an additional 10,921 shares in the last quarter. Comgest Global Investors S.A.S. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth $2,266,000. Clinton Group Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth $529,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Estee Lauder Companies, Inc. (The) by 146.4% during the second quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock worth $124,963,000 after buying an additional 773,666 shares in the last quarter. 56.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
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