The Estee Lauder Companies Inc. (NYSE:EL) Receives Average Rating of “Hold” from Brokerages

The Estee Lauder Companies Inc. (NYSE:EL) has been assigned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the company, MarketBeat reports. Eighteen investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $75.15.

EL has been the topic of a number of analyst reports. UBS Group increased their price objective on Estee Lauder Companies from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Royal Bank Of Canada lowered their price objective on Estee Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Wall Street Zen lowered Estee Lauder Companies from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Piper Sandler reissued an “overweight” rating and set a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, B. Riley reissued a “neutral” rating and set a $60.00 price objective (down previously from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd.

Institutional Trading of Estee Lauder Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EL. Vanguard Group Inc. lifted its position in shares of Estee Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after acquiring an additional 2,344,210 shares during the period. FMR LLC lifted its position in shares of Estee Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company’s stock worth $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Independent Franchise Partners LLP lifted its position in shares of Estee Lauder Companies by 1.5% in the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company’s stock worth $526,445,000 after acquiring an additional 118,276 shares during the period. Capital World Investors bought a new stake in shares of Estee Lauder Companies in the 4th quarter worth approximately $554,509,000. Finally, Invesco Ltd. lifted its position in shares of Estee Lauder Companies by 21.9% in the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock worth $440,998,000 after acquiring an additional 1,200,537 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $75.29 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. Estee Lauder Companies has a fifty-two week low of $48.37 and a fifty-two week high of $115.82. The stock’s 50-day moving average is $63.85 and its two-hundred day moving average is $68.82. The firm has a market cap of $27.09 billion, a P/E ratio of -31.11, a PEG ratio of 9.38 and a beta of 1.12.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the firm posted $0.97 EPS. The business’s revenue was down 9.9% compared to the same quarter last year. Analysts predict that Estee Lauder Companies will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -57.85%.

About Estee Lauder Companies

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.