Estée Lauder Companies (NYSE:EL) Price Target Raised to $63.00

Estée Lauder Companies (NYSE:EL) had its target price boosted by Barclays from $56.00 to $63.00 in a research report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also commented on the stock. Citigroup decreased their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Morgan Stanley decreased their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research report on Thursday, May 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $75.15.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $66.92 on Thursday. The firm has a market capitalization of $24.07 billion, a P/E ratio of -34.32, a PEG ratio of 6.09 and a beta of 1.12. Estée Lauder Companies has a one year low of $48.37 and a one year high of $125.90. The company’s fifty day moving average is $60.33 and its two-hundred day moving average is $68.87. 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 earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s revenue was down 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Analysts forecast that Estée Lauder Companies will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.09%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -57.85%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EL. Janney Montgomery Scott LLC lifted its holdings in shares of Estée Lauder Companies by 58.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,470 shares of the company’s stock worth $1,910,000 after acquiring an additional 9,427 shares during the period. Blue Trust Inc. lifted its holdings in shares of Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after acquiring an additional 148 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth about $50,000. Washington Capital Management Inc. purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth about $352,000. Finally, Murphy Pohlad Asset Management LLC purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth about $2,544,000. 55.15% of the stock is currently owned by hedge funds and other 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.