Estée Lauder Companies (NYSE:EL) Price Target Raised to $91.00 at Piper Sandler

Estée Lauder Companies (NYSE:EL) had its target price increased by Piper Sandler from $89.00 to $91.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Thursday, October 31st. CICC Research initiated coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target for the company. B. Riley decreased their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $105.00 to $72.00 in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $96.50.

Estée Lauder Companies Stock Down 0.6 %

Shares of EL stock opened at $73.75 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. Estée Lauder Companies has a 12 month low of $62.29 and a 12 month high of $159.75. The stock has a market cap of $26.47 billion, a P/E ratio of 131.70, a P/E/G ratio of 5.33 and a beta of 1.02. The company has a 50 day simple moving average of $72.46 and a two-hundred day simple moving average of $87.21.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. Estée Lauder Companies’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. On average, research analysts expect that Estée Lauder Companies will post 1.46 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.35 per share. The ex-dividend date was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Insider Activity

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the purchase, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors and hedge funds have recently modified their holdings of EL. Partnership Wealth Management LLC lifted its position in shares of Estée Lauder Companies by 30.2% during the fourth quarter. Partnership Wealth Management LLC now owns 13,931 shares of the company’s stock worth $1,045,000 after purchasing an additional 3,235 shares during the last quarter. First Hawaiian Bank bought a new stake in Estée Lauder Companies during the 4th quarter valued at about $525,000. Douglas Lane & Associates LLC lifted its holdings in Estée Lauder Companies by 47.8% during the 4th quarter. Douglas Lane & Associates LLC now owns 509,393 shares of the company’s stock valued at $38,194,000 after buying an additional 164,783 shares in the last quarter. Bard Financial Services Inc. boosted its position in Estée Lauder Companies by 45.0% in the 4th quarter. Bard Financial Services Inc. now owns 26,020 shares of the company’s stock valued at $1,951,000 after buying an additional 8,070 shares during the period. Finally, Centre Asset Management LLC bought a new position in Estée Lauder Companies in the 4th quarter worth about $8,585,000. 55.15% of the stock is owned by institutional investors.

About Estée Lauder Companies

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.