Estee Lauder Companies (NYSE:EL) Price Target Raised to $121.00

Estee Lauder Companies (NYSE:EL) had its price target raised by Citigroup from $115.00 to $121.00 in a research report sent to investors on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen cut Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Piper Sandler boosted their target price on Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Jefferies Financial Group upped their target price on Estee Lauder Companies from $100.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 19th. Sanford C. Bernstein raised their price target on Estee Lauder Companies from $82.00 to $106.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Finally, Barclays upgraded Estee Lauder Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $97.00 to $108.00 in a research report on Monday, October 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.31.

Estee Lauder Companies Price Performance

EL stock opened at $107.84 on Tuesday. The firm has a 50 day moving average of $100.65 and a 200-day moving average of $91.75. The company has a market cap of $39.02 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 1.51 and a beta of 1.23. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 1.67. Estee Lauder Companies has a 12-month low of $66.22 and a 12-month high of $121.64.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.51 by $0.21. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 EPS. As a group, equities analysts expect that Estee Lauder Companies will post 3.42 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 30th. Estee Lauder Companies’s dividend payout ratio is 140.00%.

Insider Activity

In other news, Director Paul J. Fribourg sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the completion of the transaction, the director directly owned 417,300 shares of the company’s stock, valued at $40,966,341. This trade represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Rashida La Lande sold 7,766 shares of Estee Lauder Companies stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total value of $802,383.12. Following the transaction, the vice president owned 14,357 shares of the company’s stock, valued at $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,105 shares of company stock worth $7,423,185 over the last ninety days. 11.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estee Lauder Companies

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of Estee Lauder Companies by 35.2% in the second quarter. IFP Advisors Inc now owns 415 shares of the company’s stock worth $33,000 after acquiring an additional 108 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Estee Lauder Companies by 4.7% in the third quarter. Alps Advisors Inc. now owns 2,795 shares of the company’s stock valued at $259,000 after acquiring an additional 125 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Estee Lauder Companies by 3.1% in the first quarter. Kestra Advisory Services LLC now owns 4,520 shares of the company’s stock valued at $324,000 after acquiring an additional 134 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Estee Lauder Companies by 3.0% during the second quarter. QRG Capital Management Inc. now owns 4,569 shares of the company’s stock valued at $361,000 after acquiring an additional 135 shares during the last quarter. Finally, Hartford Financial Management Inc. boosted its stake in shares of Estee Lauder Companies by 1.3% during the third quarter. Hartford Financial Management Inc. now owns 10,787 shares of the company’s stock valued at $1,001,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Key Stories Impacting Estee Lauder Companies

Here are the key news stories impacting Estee Lauder Companies this week:

• Positive Sentiment: Estée Lauder set a fiscal 2030 ambition of mid-single-digit annual organic sales growth, higher margins and double-digit earnings growth. The plan builds on its Beauty Reimagined strategy and One ELC operating model, with innovation and efficiency improvements among the expected drivers. Company announcement Reuters report
• Positive Sentiment: Analyst actions were largely upbeat: Barclays raised its price target to $126 and maintained an Overweight rating, while RBC issued a Buy rating and JPMorgan raised its target. RBC, Wells Fargo and UBS were also reported as anticipating strong appreciation, supporting sentiment around EL’s recovery prospects. Barclays rating update RBC rating JPMorgan target update
• Neutral Sentiment: Analyst views are not unanimous: TD Cowen maintained a Hold, and the reported consensus price target is $106.92—close to the recently quoted share price. This signals caution alongside the more bullish individual forecasts. TD Cowen rating Consensus price target

About Estee Lauder Companies

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

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.