The Estee Lauder Companies Inc. (NYSE:EL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $104.53 and last traded at $102.57, with a volume of 4416218 shares. The stock had previously closed at $100.78.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on EL shares. Royal Bank Of Canada lifted their price objective on Estee Lauder Companies from $90.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Citigroup lifted their price target on Estee Lauder Companies from $60.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. HSBC upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. Canaccord Genuity Group raised their target price on Estee Lauder Companies from $62.00 to $85.00 and gave the company a “hold” rating in a report on Monday, August 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $99.00 price target on shares of Estee Lauder Companies in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $91.30.
Read Our Latest Stock Report on Estee Lauder Companies
Estee Lauder Companies Stock Performance
Estee Lauder Companies (NYSE:EL – Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the company posted $0.64 EPS. The business’s revenue was down 11.9% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.
Estee Lauder Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.35 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Estee Lauder Companies’s dividend payout ratio is currently -44.59%.
Insider Activity at Estee Lauder Companies
In other news, VP Lande Rashida La sold 6,417 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Forester sold 3,702 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the sale, the director owned 15,479 shares in the company, valued at $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.05% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Estee Lauder Companies by 1.3% during the second quarter. Vanguard Group Inc. now owns 26,904,441 shares of the company’s stock worth $2,173,879,000 after buying an additional 341,235 shares in the last quarter. State Street Corp boosted its position in Estee Lauder Companies by 0.6% during the second quarter. State Street Corp now owns 10,859,539 shares of the company’s stock worth $877,451,000 after acquiring an additional 69,959 shares during the last quarter. Independent Franchise Partners LLP boosted its position in Estee Lauder Companies by 1.5% during the first quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company’s stock worth $526,445,000 after acquiring an additional 118,276 shares during the last quarter. Invesco Ltd. grew its stake in Estee Lauder Companies by 13.7% in the 2nd quarter. Invesco Ltd. now owns 7,596,379 shares of the company’s stock worth $613,787,000 after acquiring an additional 914,594 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Estee Lauder Companies by 17.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,912,792 shares of the company’s stock valued at $475,710,000 after acquiring an additional 892,631 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.
Estee Lauder Companies Company Profile
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.
Read More
- Five stocks we like better than Estee Lauder Companies
- ESG Stocks, What Investors Should Know
- Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done Yet
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 3 High-Yield Banks for Investors to Buy on the Dip
- Investing in the High PE Growth Stocks
- 5 Surprising Stocks Set to Benefit From a Future Robotics Boom
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.