Estee Lauder Companies Inc (NYSE:EL) Given Average Rating of “Buy” by Analysts

Estee Lauder Companies Inc (NYSE:EL) has been given a consensus recommendation of “Buy” by the twenty-three brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $170.82.

Several research firms have commented on EL. Citigroup downgraded shares of BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Stifel Nicolaus upped their price target on Estee Lauder Companies from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Wells Fargo & Co upped their price target on Restaurant Brands International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Argus upped their price target on Estee Lauder Companies to $195.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $19.50 price target on shares of Infineon Technologies in a research report on Thursday, May 2nd.

NYSE EL traded up $1.06 during trading on Friday, hitting $187.14. 22,424 shares of the company’s stock traded hands, compared to its average volume of 1,149,653. The stock has a market capitalization of $67.72 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. Estee Lauder Companies has a 12-month low of $121.47 and a 12-month high of $187.05. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62. The business’s 50 day simple moving average is $176.61.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.25. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.56 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, research analysts expect that Estee Lauder Companies will post 5.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, May 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is 38.14%.

In related news, Director Charlene Barshefsky sold 1,356 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $172.19, for a total value of $233,489.64. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $688,760. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $166.21, for a total transaction of $465,388,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,036,232 shares of company stock worth $505,105,319. 16.13% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Machina Capital S.A.S. purchased a new stake in shares of Estee Lauder Companies during the fourth quarter valued at approximately $30,000. Thor Advisors LLC purchased a new stake in shares of Estee Lauder Companies during the first quarter valued at approximately $37,000. Anderson Fisher LLC purchased a new stake in shares of Estee Lauder Companies during the first quarter valued at approximately $43,000. Trust Co. of Vermont boosted its stake in shares of Estee Lauder Companies by 112.1% during the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after purchasing an additional 139 shares during the period. Finally, Motco boosted its stake in shares of Estee Lauder Companies by 45.8% during the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after purchasing an additional 87 shares during the period. Institutional investors own 54.19% of the company’s stock.

About Estee Lauder Companies

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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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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