Bank of America Issues Pessimistic Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price objective reduced by Bank of America from $100.00 to $75.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $80.00 in a report on Thursday, October 31st. Piper Sandler upped their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. UBS Group decreased their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Finally, Raymond James lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.90.

Estée Lauder Companies Trading Down 0.2 %

NYSE:EL opened at $66.45 on Friday. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 118.66, a P/E/G ratio of 1.21 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a 12 month low of $63.36 and a 12 month high of $159.75. The company’s 50 day moving average is $89.53 and its 200-day moving average is $105.43.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the firm posted $0.11 EPS. The company’s revenue was down 4.5% on a year-over-year basis. Equities analysts anticipate that Estée Lauder Companies will post 2.95 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.11%. Estée Lauder Companies’s dividend payout ratio (DPR) is 471.43%.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

A number of hedge funds have recently modified their holdings of the company. Marshall Wace LLP lifted its stake in Estée Lauder Companies by 3,065.6% in the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Jennison Associates LLC bought a new stake in Estée Lauder Companies in the first quarter valued at approximately $291,171,000. Vanguard Group Inc. lifted its holdings in Estée Lauder Companies by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares during the period. Finally, Independent Franchise Partners LLP boosted its holdings in shares of Estée Lauder Companies by 44.4% during the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after acquiring an additional 1,066,320 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.