Stifel Nicolaus Trims Estée Lauder Companies (NYSE:EL) Target Price to $265.00

Posted by Defense World Staff on May 8th, 2023

Estée Lauder Companies (NYSE:EL – Get Rating) had its price objective cut by Stifel Nicolaus from $305.00 to $265.00 in a report released on Thursday morning, The Fly reports.

EL has been the subject of a number of other reports. Piper Sandler upped their target price on Estée Lauder Companies from $300.00 to $305.00 in a research report on Wednesday, April 26th. Morgan Stanley upped their target price on Estée Lauder Companies from $271.00 to $281.00 and gave the stock an overweight rating in a research report on Tuesday, January 17th. Raymond James upped their target price on Estée Lauder Companies from $245.00 to $315.00 and gave the stock a strong-buy rating in a research report on Thursday, January 26th. TheStreet downgraded Estée Lauder Companies from a b- rating to a c+ rating in a research report on Friday, March 10th. Finally, StockNews.com initiated coverage on Estée Lauder Companies in a research report on Thursday, March 16th. They issued a hold rating for the company. One equities research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $264.21.

Estée Lauder Companies Stock Performance

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

Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings data 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). The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. Estée Lauder Companies had a return on equity of 23.99% and a net margin of 6.88%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 earnings per share. On average, equities research analysts forecast that Estée Lauder Companies will post 3.35 EPS for the current year.

Estée Lauder Companies Dividend Announcement

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

Insider Transactions at Estée Lauder Companies

In other 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 transaction, the executive vice president now directly owns 4,773 shares of the company’s stock, valued at $1,211,864.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently modified their holdings of EL. Heritage Wealth Management LLC increased its stake in shares of Estée Lauder Companies by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 52 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Estée Lauder Companies in the fourth quarter worth $27,000. North Star Investment Management Corp. boosted its holdings in Estée Lauder Companies by 1,275.0% in the first quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 102 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Estée Lauder Companies by 52.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock worth $29,000 after purchasing an additional 40 shares in the last quarter. Finally, Align Wealth Management LLC bought a new stake in Estée Lauder Companies in the fourth quarter worth $35,000. 55.74% of the stock is owned by institutional investors and hedge funds.

About Estée Lauder Companies

(Get Rating)

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.