Estée Lauder Companies (NYSE:EL) Price Target Cut to $265.00

Posted by Defense World Staff on May 8th, 2023

Estée Lauder Companies (NYSE:EL – Get Rating) had its price target trimmed by Royal Bank of Canada from $290.00 to $265.00 in a report published on Thursday morning, The Fly reports.

Several other research analysts have also recently commented on the stock. Cowen initiated coverage on shares of Estée Lauder Companies in a report on Tuesday, March 14th. They set a buy rating and a $280.00 target price for the company. Oppenheimer dropped their price target on shares of Estée Lauder Companies from $300.00 to $290.00 in a research report on Monday, May 1st. TD Cowen initiated coverage on shares of Estée Lauder Companies in a research report on Tuesday, March 14th. They set an outperform rating on the stock. Morgan Stanley upped their price target on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the stock an overweight rating in a research report on Tuesday, January 17th. Finally, Societe Generale raised shares of Estée Lauder Companies from a hold rating to a buy rating and set a $294.00 price target on the stock in a research report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $264.21.

Estée Lauder Companies Stock Up 1.3 %

Estée Lauder Companies stock opened at $203.54 on Thursday. Estée Lauder Companies has a twelve month low of $186.47 and a twelve month high of $284.45. The company has a 50 day moving average of $242.37 and a 200-day moving average of $241.49. The stock 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 (NYSE:EL – Get Rating) last announced its earnings results on Wednesday, May 3rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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 business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Estée Lauder Companies will post 3.35 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

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

Insiders Place Their Bets

In other Estée Lauder Companies news, EVP Carl P. Haney sold 9,741 shares of the stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $253.90, for a total transaction of $2,473,239.90. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.75% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds have recently made changes to their positions in EL. United Bank boosted its stake in shares of Estée Lauder Companies by 1.8% in the 1st quarter. United Bank now owns 4,879 shares of the company’s stock valued at $1,329,000 after purchasing an additional 88 shares in the last quarter. Cibc World Market Inc. boosted its stake in shares of Estée Lauder Companies by 78.4% in the 1st quarter. Cibc World Market Inc. now owns 17,748 shares of the company’s stock valued at $4,833,000 after purchasing an additional 7,797 shares in the last quarter. Prudential PLC acquired a new stake in shares of Estée Lauder Companies in the 1st quarter valued at approximately $1,147,000. Cetera Investment Advisers boosted its position in Estée Lauder Companies by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 3,932 shares of the company’s stock worth $1,071,000 after buying an additional 92 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Estée Lauder Companies by 27.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 978 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares during the last quarter. 55.74% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

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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.