Estee Lauder Companies (NYSE:EL) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Estee Lauder Companies (NYSE:EL) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Estee Lauder Companies from $80.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, August 21st. Telsey Advisory Group boosted their price objective on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. Canaccord Genuity Group increased their price objective on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Sanford C. Bernstein started coverage on shares of Estee Lauder Companies in a research report on Friday, June 12th. They set a “market perform” rating and a $82.00 price objective on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $111.00 target price on shares of Estee Lauder Companies in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.67.

Estee Lauder Companies Stock Performance

Shares of EL opened at $96.99 on Friday. The business’s fifty day simple moving average is $90.33 and its two-hundred day simple moving average is $85.95. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. Estee Lauder Companies has a 12 month low of $66.22 and a 12 month high of $121.64. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 197.95, a P/E/G ratio of 1.13 and a beta of 1.28.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter last year, the company earned $0.09 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Research analysts anticipate that Estee Lauder Companies will post 3.3 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 31st. Estee Lauder Companies’s payout ratio is currently 285.71%.

Insider Activity

In other news, Director Charlene Barshefsky sold 3,775 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the sale, the director owned 50,971 shares of the company’s stock, valued at $5,036,954.22. This represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Rashida La Lande sold 7,766 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the transaction, the vice president owned 14,357 shares in the company, valued at $1,483,365.24. This trade represents a 35.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,105 shares of company stock valued at $1,729,325 in the last ninety days. Insiders own 13.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC purchased a new stake in shares of Estee Lauder Companies in the 4th quarter worth $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in Estee Lauder Companies during the fourth quarter valued at $27,000. Trust Co. of Vermont bought a new stake in Estee Lauder Companies during the second quarter valued at about $28,000. Kozak & Associates Inc. bought a new stake in Estee Lauder Companies during the second quarter valued at about $30,000. Finally, IFP Advisors Inc increased its position in Estee Lauder Companies by 35.2% in the second quarter. IFP Advisors Inc now owns 415 shares of the company’s stock worth $33,000 after buying an additional 108 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

About Estee Lauder Companies

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.