Estee Lauder Companies (NYSE:EL) Price Target Raised to $110.00

Estee Lauder Companies (NYSE:EL) had its price target hoisted by Wells Fargo & Company from $95.00 to $110.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

EL has been the subject of a number of other reports. UBS Group decreased their price target on Estee Lauder Companies from $106.00 to $104.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Weiss Ratings raised shares of Estee Lauder Companies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, October 27th. Piper Sandler lifted their target price on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. The Goldman Sachs Group boosted their target price on shares of Estee Lauder Companies from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, October 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $111.00 price target on shares of Estee Lauder Companies in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Estee Lauder Companies currently has a consensus rating of “Moderate Buy” and an average target price of $110.31.

Estee Lauder Companies Stock Performance

NYSE EL opened at $107.84 on Tuesday. The stock has a 50-day simple moving average of $100.65 and a two-hundred day simple moving average of $91.75. The firm has a market capitalization of $39.02 billion, a P/E ratio of 38.50, a PEG ratio of 1.51 and a beta of 1.23. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.90 and a current ratio of 1.25.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.21. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Estee Lauder Companies will post 3.42 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is currently 140.00%.

Insider Buying and Selling at Estee Lauder Companies

In other Estee Lauder Companies news, Director Charlene Barshefsky sold 3,775 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the sale, the director directly owned 50,971 shares of the company’s stock, valued at approximately $5,036,954.22. This trade represents a 6.90% 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 hyperlink. Also, Director Paul Fribourg sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the sale, the director owned 417,300 shares of the company’s stock, valued at $40,966,341. This trade represents a 12.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 75,105 shares of company stock valued at $7,423,185. Company insiders own 11.54% of the company’s stock.

Institutional Investors Weigh In On Estee Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Estee Lauder Companies by 950.9% in the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after buying an additional 12,526,471 shares in the last quarter. Amundi boosted its holdings in shares of Estee Lauder Companies by 33.8% in the first quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after acquiring an additional 482,185 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Estee Lauder Companies by 26.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,827,512 shares of the company’s stock worth $169,538,000 after purchasing an additional 387,596 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of Estee Lauder Companies during the third quarter worth about $134,551,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Estee Lauder Companies by 44.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,192,531 shares of the company’s stock valued at $85,559,000 after purchasing an additional 365,651 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies News Summary

Here are the key news stories impacting Estee Lauder Companies this week:

• Positive Sentiment: Estée Lauder set a fiscal 2030 ambition of mid-single-digit annual organic sales growth, higher margins and double-digit earnings growth. The plan builds on its Beauty Reimagined strategy and One ELC operating model, with innovation and efficiency improvements among the expected drivers. Company announcement Reuters report
• Positive Sentiment: Analyst actions were largely upbeat: Barclays raised its price target to $126 and maintained an Overweight rating, while RBC issued a Buy rating and JPMorgan raised its target. RBC, Wells Fargo and UBS were also reported as anticipating strong appreciation, supporting sentiment around EL’s recovery prospects. Barclays rating update RBC rating JPMorgan target update
• Neutral Sentiment: Analyst views are not unanimous: TD Cowen maintained a Hold, and the reported consensus price target is $106.92—close to the recently quoted share price. This signals caution alongside the more bullish individual forecasts. TD Cowen rating Consensus price target

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.