Estée Lauder Companies’ (EL) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a report released on Wednesday, MarketBeat Ratings reports. Telsey Advisory Group currently has a $155.00 price target on the stock.

Several other research analysts have also recently issued reports on the stock. Oppenheimer reissued a market perform rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Bernstein Bank increased their target price on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday. Barclays increased their price objective on Estée Lauder Companies from $146.00 to $150.00 and gave the stock an equal weight rating in a research report on Thursday, April 25th. Finally, Citigroup upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and boosted their target price for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of Hold and an average target price of $160.92.

Estée Lauder Companies Price Performance

Shares of EL opened at $132.95 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 1.58. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64. The firm has a 50-day simple moving average of $146.22 and a 200-day simple moving average of $138.23. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS 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 period in the prior year, the business earned $0.47 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

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

Hedge Funds Weigh In On Estée Lauder Companies

A number of institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Estée Lauder Companies in the fourth quarter valued at $26,000. Riverview Trust Co acquired a new position in shares of Estée Lauder Companies during the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC lifted its holdings in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter worth approximately $32,000. Finally, Exchange Traded Concepts LLC increased its position in Estée Lauder Companies by 1,900.0% during the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

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.