Estee Lauder Companies (NYSE:EL) Earns “Buy” Rating from Bank of America

Bank of America restated their buy rating on shares of Estee Lauder Companies (NYSE:EL) in a report issued on Monday, AnalystRatings.com reports. The brokerage currently has a $220.00 target price on the stock, up from their prior target price of $205.00.

Several other equities analysts also recently issued reports on the stock. Raymond James increased their price objective on shares of Estee Lauder Companies from $164.00 to $181.00 and gave the company an outperform rating in a report on Thursday, May 2nd. Citigroup increased their price objective on shares of Estee Lauder Companies from $188.00 to $197.00 and gave the company a buy rating in a report on Thursday, May 2nd. Stifel Nicolaus increased their price objective on shares of Estee Lauder Companies from $180.00 to $205.00 and gave the company a buy rating in a report on Friday, July 19th. Credit Suisse Group increased their price objective on shares of Estee Lauder Companies from $175.00 to $185.00 and gave the company a positive rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets increased their price objective on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the company a market perform rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $188.88.

Shares of NYSE EL opened at $203.72 on Monday. The company’s fifty day moving average price is $186.23 and its 200 day moving average price is $170.72. Estee Lauder Companies has a 1 year low of $121.47 and a 1 year high of $206.00. The company has a market capitalization of $64.85 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.11. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts expect that Estee Lauder Companies will post 5.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is currently 32.21%.

In other news, EVP Alexandra C. Trower sold 6,608 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total value of $1,346,578.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 16.13% of the company’s stock.

Large investors have recently bought and sold shares of the company. Comerica Securities Inc. increased its holdings in shares of Estee Lauder Companies by 509.1% in the fourth quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after purchasing an additional 33,899 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Estee Lauder Companies by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock worth $70,019,000 after purchasing an additional 15,664 shares during the period. Carroll Financial Associates Inc. increased its holdings in shares of Estee Lauder Companies by 18.4% in the first quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock worth $121,000 after purchasing an additional 114 shares during the period. Strs Ohio increased its holdings in shares of Estee Lauder Companies by 0.5% in the first quarter. Strs Ohio now owns 121,479 shares of the company’s stock worth $20,110,000 after purchasing an additional 660 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new position in shares of Estee Lauder Companies in the first quarter worth $50,000. 54.82% of the stock is currently owned by hedge funds and other institutional investors.

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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