Estée Lauder Companies’ (EL) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a research note issued to investors on Monday,Benzinga reports. DA Davidson currently has a $81.00 price objective on the stock.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Estée Lauder Companies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $113.00 to $74.00 in a report on Friday, November 1st. HSBC lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Piper Sandler upped their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company lowered Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $98.57.

Estée Lauder Companies Trading Up 0.4 %

Shares of NYSE EL opened at $75.08 on Monday. The stock has a market cap of $26.95 billion, a P/E ratio of 134.07, a price-to-earnings-growth ratio of 5.33 and a beta of 1.05. The firm has a 50 day moving average price of $75.67 and a two-hundred day moving average price of $90.11. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. Estée Lauder Companies has a 52-week low of $62.29 and a 52-week high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, equities analysts forecast that Estée Lauder Companies will post 1.46 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s payout ratio is presently 250.00%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of the stock in a transaction on 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 directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Estée Lauder Companies in the 2nd quarter valued at about $30,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies in the second quarter valued at approximately $32,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies during the third quarter valued at approximately $31,000. Finally, Chilton Capital Management LLC lifted its holdings in Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after acquiring an additional 168 shares during the period. 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, and powders, as well as compacts, brushes, and other makeup tools.