Shares of Estee Lauder Companies Inc (NYSE:EL) have received an average rating of “Buy” from the twenty-three analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $170.82.
A number of equities analysts have weighed in on the company. Piper Jaffray Companies lifted their price objective on Estee Lauder Companies from $161.00 to $178.00 and gave the company a “positive” rating in a research note on Thursday, April 25th. Raymond James lifted their price target on Estee Lauder Companies from $164.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. UBS Group lifted their price target on Estee Lauder Companies from $153.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Oppenheimer lifted their price target on Estee Lauder Companies from $164.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Citigroup lifted their price target on Estee Lauder Companies from $179.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th.
In related news, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of Estee Lauder Companies stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $166.21, for a total value of $465,388,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gregory Polcer sold 28,036 shares of Estee Lauder Companies stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $165.00, for a total value of $4,625,940.00. Following the completion of the sale, the executive vice president now owns 107,350 shares in the company, valued at $17,712,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,064,268 shares of company stock worth $509,731,259. 16.13% of the stock is currently owned by insiders.
NYSE EL opened at $176.88 on Monday. The stock has a market cap of $64.39 billion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 2.64 and a beta of 0.74. Estee Lauder Companies has a fifty-two week low of $121.47 and a fifty-two week high of $180.20. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.
Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.25. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Analysts forecast that Estee Lauder Companies will post 5.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, May 30th. Estee Lauder Companies’s payout ratio is 38.14%.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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