Estee Lauder Companies Inc (EL) Receives Consensus Rating of “Buy” from Analysts

Estee Lauder Companies Inc (NYSE:EL) has earned an average recommendation of “Buy” from the twenty-five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $146.24.

A number of research firms have recently weighed in on EL. Credit Suisse Group increased their price target on Estee Lauder Companies from $156.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James increased their price target on Estee Lauder Companies from $151.00 to $154.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup cut their price target on Estee Lauder Companies to $149.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 23rd. Piper Jaffray Companies set a $152.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a research note on Monday, October 22nd. Finally, Wells Fargo & Co cut their price target on Estee Lauder Companies from $168.00 to $165.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 17th.

NYSE:EL traded up $1.17 during trading hours on Friday, hitting $143.11. 2,951,690 shares of the stock were exchanged, compared to its average volume of 2,611,730. Estee Lauder Companies has a twelve month low of $119.81 and a twelve month high of $158.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.37 and a current ratio of 1.75. The company has a market cap of $52.55 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 2.51 and a beta of 0.66.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.19. Estee Lauder Companies had a return on equity of 38.29% and a net margin of 8.48%. The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the business earned $1.21 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Estee Lauder Companies will post 4.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $0.43 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.38. Estee Lauder Companies’s dividend payout ratio is currently 33.70%.

In related news, Director Jane Lauder sold 36,334 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $133.23, for a total value of $4,840,778.82. Following the completion of the sale, the director now owns 45,037 shares in the company, valued at approximately $6,000,279.51. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael O’hare sold 3,575 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $140.58, for a total transaction of $502,573.50. Following the completion of the sale, the executive vice president now owns 7,645 shares of the company’s stock, valued at approximately $1,074,734.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,341 shares of company stock valued at $16,678,090. 16.13% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Park National Corp OH increased its holdings in Estee Lauder Companies by 80.9% during the 2nd quarter. Park National Corp OH now owns 23,702 shares of the company’s stock worth $3,382,000 after purchasing an additional 10,602 shares in the last quarter. Private Trust Co. NA increased its holdings in Estee Lauder Companies by 17.2% during the 2nd quarter. Private Trust Co. NA now owns 2,840 shares of the company’s stock worth $405,000 after purchasing an additional 417 shares in the last quarter. Clarus Wealth Advisors bought a new position in Estee Lauder Companies during the 2nd quarter worth about $177,000. DnB Asset Management AS increased its holdings in Estee Lauder Companies by 5.5% during the 2nd quarter. DnB Asset Management AS now owns 28,680 shares of the company’s stock worth $4,092,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Clinton Group Inc. bought a new position in Estee Lauder Companies during the 2nd quarter worth about $11,651,000. Institutional investors and hedge funds own 55.95% of the company’s stock.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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