Estée Lauder Companies (NYSE:EL) PT Lowered to $240.00 at Raymond James

Posted by Defense World Staff on May 8th, 2023

Estée Lauder Companies (NYSE:EL – Get Rating) had its price target trimmed by Raymond James from $315.00 to $240.00 in a research report released on Thursday, The Fly reports.

A number of other research firms also recently issued reports on EL. DA Davidson reissued a buy rating and set a $308.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 14th. Piper Sandler increased their price target on Estée Lauder Companies from $300.00 to $305.00 in a research report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $300.00 to $288.00 in a research report on Monday, March 20th. Credit Suisse Group upped their price objective on Estée Lauder Companies from $215.00 to $305.00 and gave the stock an outperform rating in a research note on Monday, February 6th. Finally, TheStreet cut Estée Lauder Companies from a b- rating to a c+ rating in a research note on Friday, March 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $264.21.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $203.54 on Thursday. The stock’s fifty day moving average is $242.37 and its two-hundred day moving average is $241.49. The company has a market capitalization of $72.71 billion, a PE ratio of 67.62, a price-to-earnings-growth ratio of 4.47 and a beta of 1.01. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.87. Estée Lauder Companies has a 52 week low of $186.47 and a 52 week high of $284.45.

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 analysts’ consensus estimates of $0.51 by ($0.04). Estée Lauder Companies had a return on equity of 23.99% and a net margin of 6.88%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the company posted $1.90 EPS. Estée Lauder Companies’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, analysts expect that Estée Lauder Companies will post 3.35 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, May 30th. Estée Lauder Companies’s payout ratio is 87.71%.

Insider Transactions at Estée Lauder Companies

In other news, EVP Carl P. Haney sold 9,741 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was 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 $1,211,864.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.75% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in Estée Lauder Companies by 45.4% during the third quarter. IFP Advisors Inc now owns 1,422 shares of the company’s stock worth $225,000 after acquiring an additional 444 shares during the period. Nicolet Advisory Services LLC acquired a new stake in Estée Lauder Companies in the third quarter valued at approximately $220,000. NorthRock Partners LLC grew its holdings in Estée Lauder Companies by 14.1% in the third quarter. NorthRock Partners LLC now owns 1,957 shares of the company’s stock valued at $423,000 after purchasing an additional 242 shares during the period. Hollencrest Capital Management acquired a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $74,000. Finally, Lindbrook Capital LLC grew its holdings in Estée Lauder Companies by 3.1% in the fourth quarter. Lindbrook Capital LLC now owns 16,940 shares of the company’s stock valued at $4,203,000 after purchasing an additional 504 shares during the period. 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.