Bernstein Bank Boosts Estée Lauder Companies (NYSE:EL) Price Target to $160.00

Estée Lauder Companies (NYSE:EL) had its target price increased by Bernstein Bank from $155.00 to $160.00 in a research note published on Wednesday morning.

A number of other equities research analysts have also issued reports on the stock. Bank of America raised shares of Estée Lauder Companies from a neutral rating to a buy rating and raised their price target for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. StockNews.com cut Estée Lauder Companies from a hold rating to a sell rating in a research note on Wednesday, February 14th. Citigroup raised Estée Lauder Companies from a neutral rating to a buy rating and upped their price target for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their price objective on Estée Lauder Companies from $150.00 to $167.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. Finally, DA Davidson restated a buy rating and set a $191.00 target price on shares of Estée Lauder Companies in a report on Monday, April 22nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of Hold and a consensus target price of $160.92.

Estée Lauder Companies Trading Down 1.5 %

Shares of EL stock opened at $132.95 on Wednesday. The business has a 50-day moving average of $146.22 and a 200 day moving average of $138.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $209.64. The stock has a market capitalization of $47.66 billion, a PE ratio of 74.69, a P/E/G ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

Hedge Funds Weigh In On Estée Lauder Companies

A number of hedge funds have recently added to or reduced their stakes in the company. 9258 Wealth Management LLC boosted its stake in Estée Lauder Companies by 9.0% during the 1st quarter. 9258 Wealth Management LLC now owns 3,317 shares of the company’s stock valued at $511,000 after purchasing an additional 274 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Estée Lauder Companies during the first quarter valued at $13,285,000. Larson Financial Group LLC boosted its position in shares of Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Estée Lauder Companies by 222.8% in the 1st quarter. GSA Capital Partners LLP now owns 14,080 shares of the company’s stock worth $2,170,000 after buying an additional 9,718 shares in the last quarter. Finally, Boomfish Wealth Group LLC raised its position in Estée Lauder Companies by 6.2% in the 1st quarter. Boomfish Wealth Group LLC now owns 8,210 shares of the company’s stock worth $1,266,000 after buying an additional 481 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.