Estée Lauder Companies (NYSE:EL) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a report released on Thursday morning,Benzinga reports. They currently have a $76.00 target price on the stock.

A number of other equities research analysts also recently weighed in on EL. JPMorgan Chase & Co. dropped their target price on Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Citigroup dropped their price objective on shares of Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. DA Davidson restated a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research note on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $77.25.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $58.77 on Thursday. Estée Lauder Companies has a 52 week low of $48.37 and a 52 week high of $139.34. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of -30.14, a PEG ratio of 6.09 and a beta of 1.10. The company has a 50-day simple moving average of $62.80 and a 200 day simple moving average of $71.03. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business’s revenue was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, sell-side analysts predict that Estée Lauder Companies will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.38%. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EL. Ameliora Wealth Management Ltd. acquired a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators boosted its stake in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC increased its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies during the fourth quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after buying an additional 141 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.