Estée Lauder Companies (NYSE:EL) Sets New 52-Week Low at $175.05

Posted by on Jun 12th, 2023

The Estée Lauder Companies Inc. (NYSE:EL – Get Rating)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $175.05 and last traded at $177.53, with a volume of 567737 shares. The stock had previously closed at $176.53.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EL. Societe Generale upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating and set a $294.00 price target on the stock in a research note on Wednesday, March 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Estée Lauder Companies from $300.00 to $288.00 in a research note on Monday, March 20th. TD Cowen began coverage on Estée Lauder Companies in a research note on Tuesday, March 14th. They set an “outperform” rating on the stock. TheStreet downgraded Estée Lauder Companies from a “b-” rating to a “c+” rating in a report on Friday, March 10th. Finally, Wells Fargo & Company decreased their price objective on Estée Lauder Companies from $290.00 to $225.00 in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $263.38.

Estée Lauder Companies Stock Performance

The stock has a market capitalization of $63.64 billion, a P/E ratio of 59.14, a PEG ratio of 5.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.46. The company’s fifty day simple moving average is $217.52 and its two-hundred day simple moving average is $238.16.

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

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be given a $0.66 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.48%. Estée Lauder Companies’s dividend payout ratio is currently 87.71%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, insider Hudis Jane Hertzmark sold 9,869 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $199.95, for a total value of $1,973,306.55. Following the sale, the insider now owns 11,406 shares in the company, valued at $2,280,629.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.75% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Estée Lauder Companies by 45.4% in the third quarter. IFP Advisors Inc now owns 1,422 shares of the company’s stock valued at $225,000 after purchasing an additional 444 shares in the last quarter. Nicolet Advisory Services LLC bought a new stake in shares of Estée Lauder Companies during the third quarter worth about $220,000. Prime Capital Investment Advisors LLC increased its position in shares of Estée Lauder Companies by 63.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 3,435 shares of the company’s stock worth $852,000 after acquiring an additional 1,334 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of Estée Lauder Companies during the fourth quarter worth about $74,000. Finally, Lindbrook Capital LLC increased its position in shares of Estée Lauder Companies by 3.1% during the fourth quarter. Lindbrook Capital LLC now owns 16,940 shares of the company’s stock worth $4,203,000 after acquiring an additional 504 shares in the last quarter. Institutional investors and hedge funds own 55.74% of the company’s stock.

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.

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