JPMorgan Chase & Co. Cuts Estee Lauder Companies (NYSE:EL) Price Target to $94.00

Estee Lauder Companies (NYSE:EL) had its target price reduced by JPMorgan Chase & Co. from $99.00 to $94.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also weighed in on EL. Canaccord Genuity Group lifted their price target on Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Wall Street Zen lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Zacks Research cut shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Barclays upped their target price on shares of Estee Lauder Companies from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Estee Lauder Companies in a research note on Monday, June 22nd. They issued a “buy” rating and a $100.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $99.16.

Estee Lauder Companies Price Performance

EL stock opened at $82.32 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 0.94. Estee Lauder Companies has a 1 year low of $66.22 and a 1 year high of $121.64. The firm has a 50-day moving average of $83.75 and a 200 day moving average of $91.20. The company has a market cap of $29.78 billion, a P/E ratio of -117.60, a PEG ratio of 0.64 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.25. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue was up 4.6% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. On average, sell-side analysts forecast that Estee Lauder Companies will post 2.41 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Estee Lauder Companies’s dividend payout ratio is -200.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Estee Lauder Companies by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock valued at $2,927,224,000 after acquiring an additional 1,043,746 shares in the last quarter. Bank of America Corp DE lifted its position in Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after acquiring an additional 12,526,471 shares in the last quarter. State Street Corp lifted its position in Estee Lauder Companies by 4.2% in the 4th quarter. State Street Corp now owns 11,585,782 shares of the company’s stock valued at $1,213,263,000 after acquiring an additional 467,195 shares in the last quarter. Schroder Investment Management Group lifted its position in Estee Lauder Companies by 185.3% in the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after acquiring an additional 5,286,875 shares in the last quarter. Finally, Independent Franchise Partners LLP boosted its stake in Estee Lauder Companies by 1.1% during the 4th quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock valued at $820,717,000 after purchasing an additional 83,857 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.