Estée Lauder Companies (NYSE:EL) PT Lowered to $221.00

Posted by Defense World Staff on May 8th, 2023

Estée Lauder Companies (NYSE:EL – Get Rating) had its price objective reduced by UBS Group from $278.00 to $221.00 in a report released on Thursday morning, The Fly reports.

Several other brokerages have also recently commented on EL. Cowen began coverage on shares of Estée Lauder Companies in a research note on Tuesday, March 14th. They set a buy rating and a $280.00 price objective for the company. Raymond James boosted their price objective on shares of Estée Lauder Companies from $245.00 to $315.00 and gave the company a strong-buy rating in a research note on Thursday, January 26th. Wells Fargo & Company cut their price target on shares of Estée Lauder Companies from $290.00 to $225.00 in a research note on Thursday. Oppenheimer cut their price target on shares of Estée Lauder Companies from $300.00 to $290.00 in a research note on Monday, May 1st. Finally, Piper Sandler boosted their price target on shares of Estée Lauder Companies from $300.00 to $305.00 in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $264.21.

Estée Lauder Companies Stock Performance

NYSE EL opened at $203.54 on Thursday. The company’s 50 day moving average is $242.37 and its 200-day moving average is $241.49. Estée Lauder Companies has a 12-month low of $186.47 and a 12-month high of $284.45. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.87. The firm has a market cap of $72.71 billion, a P/E ratio of 67.62, a price-to-earnings-growth ratio of 4.47 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). Estée Lauder Companies had a net margin of 6.88% and a return on equity of 23.99%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period last year, the firm earned $1.90 EPS. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. Sell-side analysts predict that Estée Lauder Companies will post 3.35 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.64 annualized dividend and a yield of 1.30%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 87.71%.

Insiders Place Their Bets

In other Estée Lauder Companies news, EVP Carl P. Haney sold 9,741 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $253.90, for a total value of $2,473,239.90. Following the completion of the transaction, the executive vice president now directly owns 4,773 shares in the company, valued at approximately $1,211,864.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. grew its position in Estée Lauder Companies by 2.9% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 1,356 shares of the company’s stock valued at $336,000 after purchasing an additional 38 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of Estée Lauder Companies by 5.8% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 714 shares of the company’s stock valued at $177,000 after acquiring an additional 39 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Estée Lauder Companies by 52.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock valued at $29,000 after acquiring an additional 40 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in shares of Estée Lauder Companies by 1.2% during the 1st quarter. Schechter Investment Advisors LLC now owns 3,500 shares of the company’s stock valued at $863,000 after acquiring an additional 41 shares during the last quarter. Finally, CNB Bank boosted its holdings in shares of Estée Lauder Companies by 2.1% during the 4th quarter. CNB Bank now owns 2,018 shares of the company’s stock valued at $501,000 after acquiring an additional 42 shares during the last quarter. 55.74% of the stock is currently owned by institutional investors.

About Estée Lauder Companies

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The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.