Estée Lauder Companies (NYSE:EL) Price Target Lowered to $159.00 at Deutsche Bank Aktiengesellschaft

Estée Lauder Companies (NYSE:EL) had its price target cut by Deutsche Bank Aktiengesellschaft from $160.00 to $159.00 in a research report sent to investors on Wednesday.

Several other analysts also recently commented on the stock. Barclays upped their price objective on shares of Estée Lauder Companies from $146.00 to $150.00 and gave the company an equal weight rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the company an overweight rating in a report on Tuesday, February 6th. The Goldman Sachs Group initiated coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They issued a neutral rating and a $145.00 price objective on the stock. Bernstein Bank upped their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday. Finally, Citigroup raised shares of Estée Lauder Companies from a neutral rating to a buy rating and upped their price objective for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. Seventeen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of Hold and a consensus price target of $160.92.

Estée Lauder Companies Stock Down 1.5 %

NYSE:EL opened at $132.94 on Wednesday. The company has a market cap of $47.66 billion, a PE ratio of 74.69, a P/E/G ratio of 3.50 and a beta of 1.07. Estée Lauder Companies has a twelve month low of $102.22 and a twelve month high of $209.64. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $145.88 and its two-hundred day moving average is $138.18.

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

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders 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 large investors have recently added to or reduced their stakes in EL. Rakuten Securities Inc. acquired a new position in Estée Lauder Companies during the fourth quarter worth $26,000. Riverview Trust Co acquired a new position in Estée Lauder Companies during the first quarter worth $26,000. Hexagon Capital Partners LLC raised its position in Estée Lauder Companies by 103.1% during the first 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 position in Estée Lauder Companies during the third quarter worth $32,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of 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 buying an additional 266 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.