Wells Fargo & Company Cuts Estee Lauder Companies (NYSE:EL) Price Target to $95.00

Estee Lauder Companies (NYSE:EL) had its price objective decreased by Wells Fargo & Company from $104.00 to $95.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on EL. UBS Group raised their target price on Estee Lauder Companies from $86.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Citigroup boosted their price target on shares of Estee Lauder Companies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Zacks Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Telsey Advisory Group raised their price objective on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Estee Lauder Companies from $100.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $104.76.

Estee Lauder Companies Trading Up 1.2%

Shares of Estee Lauder Companies stock opened at $94.52 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $94.79 and its 200-day simple moving average is $85.56. The stock has a market cap of $34.20 billion, a P/E ratio of 192.90, a P/E/G ratio of 1.08 and a beta of 1.27. Estee Lauder Companies has a 1-year low of $66.22 and a 1-year high of $121.64.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Analysts predict that Estee Lauder Companies will post 3.31 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.35 per share. The ex-dividend date was Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 285.71%.

Insider Activity

In other news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the transaction, the vice president directly owned 14,357 shares in the company, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Fribourg sold 58,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the transaction, the director directly owned 417,300 shares of the company’s stock, valued at $40,966,341. The trade was a 12.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 75,105 shares of company stock valued at $7,423,185. Company insiders own 11.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EL. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Estee Lauder Companies in the fourth quarter valued at $27,000. Trust Co. of Vermont acquired a new position in Estee Lauder Companies during the 2nd quarter worth about $28,000. Kozak & Associates Inc. acquired a new position in Estee Lauder Companies during the 2nd quarter worth about $30,000. IFP Advisors Inc boosted its holdings in Estee Lauder Companies by 35.2% during the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after acquiring an additional 108 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Estee Lauder Companies by 1,732.5% during the 1st quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock valued at $53,000 after acquiring an additional 693 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global beauty company that develops, markets and sells prestige skincare, makeup, fragrance and hair care products. Its portfolio includes brands such as Estée Lauder, Clinique, La Mer, MAC, Bobbi Brown, Jo Malone London, Aveda, The Ordinary and Tom Ford Beauty.

The company’s products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.