Estée Lauder Companies (NYSE:EL) Price Target Cut to $131.00 by Analysts at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its target price reduced by Canaccord Genuity Group from $140.00 to $131.00 in a research note published on Thursday morning, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Several other equities analysts have also issued reports on EL. DA Davidson restated a buy rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Barclays upped their target price on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the company an equal weight rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Estée Lauder Companies from $169.00 to $145.00 and set an overweight rating on the stock in a research report on Thursday. StockNews.com cut shares of Estée Lauder Companies from a hold rating to a sell rating in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group assumed coverage on Estée Lauder Companies in a report on Friday, March 1st. They set a neutral rating and a $145.00 target price on the stock. 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 company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $160.92.

Estée Lauder Companies Stock Down 1.5 %

Shares of NYSE EL opened at $132.94 on Thursday. Estée Lauder Companies has a 1 year low of $102.22 and a 1 year high of $209.64. The firm’s 50-day moving average is $145.88 and its 200-day moving average is $138.15. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $47.66 billion, a PE ratio of 74.69, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts expect that Estée Lauder Companies will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

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

Institutional Investors Weigh In On Estée Lauder Companies

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Estée Lauder Companies in the 4th quarter valued at $518,975,000. Jennison Associates LLC bought a new stake in Estée Lauder Companies in the 1st quarter valued at about $291,171,000. Lazard Asset Management LLC grew its position in shares of Estée Lauder Companies by 68.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after purchasing an additional 1,512,982 shares in the last quarter. FMR LLC increased its holdings in shares of Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after purchasing an additional 1,387,271 shares during the period. Finally, Carmignac Gestion raised its position in shares of Estée Lauder Companies by 1,908.0% in the fourth quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock valued at $174,895,000 after buying an additional 1,136,201 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.