Estee Lauder Companies Inc. (NYSE:EL)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley in a report released on Monday. They presently have a $92.00 price objective on the stock. B. Riley’s price target points to a potential upside of 16.97% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Piper Jaffray Cos. increased their target price on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 target price on shares of Estee Lauder Companies in a research note on Friday, August 19th. Berenberg Bank began coverage on shares of Estee Lauder Companies in a research report on Friday, September 9th. They set a “buy” rating and a $105.00 price target for the company. Zacks Investment Research cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $100.00 price target (up from $98.00) on shares of Estee Lauder Companies in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $100.03.
Estee Lauder Companies (NYSE:EL) traded up 1.12% during midday trading on Monday, hitting $78.65. The stock had a trading volume of 834,686 shares. Estee Lauder Companies has a one year low of $76.65 and a one year high of $97.48. The firm has a market cap of $28.82 billion, a PE ratio of 26.85 and a beta of 0.87. The stock has a 50-day moving average price of $82.98 and a 200 day moving average price of $89.25.
Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, November 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Estee Lauder Companies had a net margin of 9.73% and a return on equity of 32.90%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Estee Lauder Companies will post $3.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.34 dividend. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, November 28th. Estee Lauder Companies’s dividend payout ratio is presently 40.82%.
In other news, Chairman Ronald S. Lauder sold 500,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $88.91, for a total value of $44,455,000.00. Following the transaction, the chairman now directly owns 608,500 shares in the company, valued at $54,101,735. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gregory Polcer sold 3,533 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $82.34, for a total transaction of $290,907.22. Following the completion of the transaction, the executive vice president now owns 71,309 shares in the company, valued at $5,871,583.06. The disclosure for this sale can be found here. 16.98% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. LGT Capital Partners acquired a new position in Estee Lauder Companies during the fourth quarter worth about $4,112,000. Montrusco Bolton Investments raised its position in Estee Lauder Companies by 55.7% in the fourth quarter. Montrusco Bolton Investments now owns 116,958 shares of the company’s stock worth $10,247,000 after buying an additional 41,820 shares in the last quarter. Braun Stacey Associates raised its position in Estee Lauder Companies by 475.4% in the third quarter. Braun Stacey Associates now owns 16,571 shares of the company’s stock worth $1,337,000 after buying an additional 13,691 shares in the last quarter. Park National raised its position in Estee Lauder Companies by 34.3% in the fourth quarter. Park National now owns 8,896 shares of the company’s stock worth $783,000 after buying an additional 2,272 shares in the last quarter. Finally, Terra Nova Asset Management raised its position in Estee Lauder Companies by 14.2% in the third quarter. Terra Nova Asset Management now owns 4,813 shares of the company’s stock worth $388,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 54.65% of the company’s stock.
Estee Lauder Companies Company Profile