Estee Lauder Companies, Inc. (The) (EL) Given Consensus Rating of “Buy” by Analysts

Shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) have earned a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $99.41.

EL has been the topic of a number of recent research reports. Zacks Investment Research raised Estee Lauder Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. J P Morgan Chase & Co initiated coverage on Estee Lauder Companies, Inc. (The) in a research report on Tuesday, March 21st. They set an “overweight” rating and a $100.00 price target on the stock. Royal Bank of Canada set a $100.00 price target on Estee Lauder Companies, Inc. (The) and gave the company a “buy” rating in a research report on Saturday, March 25th. Vetr raised Estee Lauder Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $94.75 price target on the stock in a research report on Monday, April 3rd. Finally, Goldman Sachs Group, Inc. (The) raised Estee Lauder Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price target for the company from $85.00 to $103.00 in a research report on Tuesday, April 4th.

In other Estee Lauder Companies, Inc. (The) news, Director G. Scott Paterson bought 500,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $0.07 per share, for a total transaction of $35,000.00. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $92.31, for a total value of $1,538,530.77. Following the completion of the transaction, the insider now owns 83,638 shares in the company, valued at $7,720,623.78. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 930,000 shares of company stock worth $60,800 and sold 95,070 shares worth $9,023,304. 16.98% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $100,000. Bronfman E.L. Rothschild L.P. raised its position in shares of Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after buying an additional 346 shares in the last quarter. Israel Discount Bank of New York acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $110,000. First Interstate Bank acquired a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $114,000. Finally, Parallel Advisors LLC raised its position in shares of Estee Lauder Companies, Inc. (The) by 44.4% in the first quarter. Parallel Advisors LLC now owns 1,629 shares of the company’s stock worth $149,000 after buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 55.21% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Estee Lauder Companies, Inc. (The) (EL) Given Consensus Rating of “Buy” by Analysts” was originally posted by WKRB News and is the property of of WKRB News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.wkrb13.com/markets/2286491/estee-lauder-companies-inc-the-el-given-consensus-rating-of-buy-by-analysts.html.

Estee Lauder Companies, Inc. (EL) traded down 0.01% during trading on Monday, reaching $94.27. The company’s stock had a trading volume of 2,577,739 shares. The stock has a market cap of $34.68 billion, a PE ratio of 31.59 and a beta of 0.71. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $98.40. The company’s 50-day moving average is $95.11 and its 200-day moving average is $86.20.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. Estee Lauder Companies, Inc. (The) had a return on equity of 33.40% and a net margin of 9.62%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts expect that Estee Lauder Companies, Inc. will post $3.40 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were paid a $0.34 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.36 dividend on an annualized basis and a yield of 1.44%. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is currently 45.48%.

Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2286491/estee-lauder-companies-inc-the-el-given-consensus-rating-of-buy-by-analysts.html

Receive News & Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.