Estée Lauder Companies (NYSE:EL) Receives New Analyst Coverage at B. Riley

B. Riley began covering shares of Estée Lauder Companies (NYSE:EL – Free Report) In a research report sent to investors on Tuesday, MarketBeat Ratings reported. The firm gave the stock a neutral rating and a $95.00 price target.

A number of other research analysts have also commented on EL. Citigroup lowered their price target on shares of Estée Lauder Companies from $110.00 to $105.00 and set a buy rating on the stock in a research note on Tuesday, August 20th. Telsey Advisory Group reiterated a market perform rating and set a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Barclays lowered their price target on Estée Lauder Companies from $136.00 to $117.00 and set an equal weight rating on the company in a report on Friday, July 19th. Royal Bank of Canada affirmed an outperform rating and issued a $131.00 price target on shares of Estée Lauder Companies in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered their price target on Estée Lauder Companies from $115.00 to $100.00 and set a neutral rating for the company in a report on Tuesday, August 20th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $121.57.

Check out our latest stock analysis on EL

Estée Lauder Companies Price Development

NYSE:EL opened Tuesday at $85.14. Estée Lauder Companies has a 12-month low of $83.54 and a 12-month high of $159.75. The company has a market cap of $30.54 billion, a price-to-earnings ratio of 47.83, a forward price-to-earnings ratio of 1.46 and a beta of 1.00. The stock’s 50-day moving average price is $95.93 and its 200-day moving average price is $121.22. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL – Get Free Report) last released its quarterly earnings results on Monday, August 19. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. In the year-ago quarter, the company earned $0.07 EPS. The company’s revenue for the quarter increased 7.3% year over year. On average, analysts expect Estée Lauder Companies to report 2.99 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will receive a dividend of $0.66 per share. This represents an annualized dividend of $2.64 and a yield of 3.10%. The ex-dividend date for this dividend is Friday, August 30th. Estée Lauder Companies’ dividend payout ratio is 148.32%.

Insider Activity at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction on Tuesday, August 27. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the Director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this link. In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, August 23. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the Director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The transaction was disclosed in a filing with the SEC, which can be accessed at this link. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the Director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the shares are held by insiders.

Institutional trading of Estée Lauder companies

Several institutional investors have recently modified their holdings of the company. Tradewinds Capital Management LLC increased its holdings in Estée Lauder Companies by 34.1% in the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after purchasing an additional 75 shares during the period. Haverford Trust Co increased its holdings in Estée Lauder Companies by 2.3% in the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after purchasing an additional 78 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Estée Lauder Companies by 25.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after purchasing an additional 82 shares during the period. Capital Advisors Ltd. LLC increased its position in Estée Lauder Companies by 11.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock worth $131,000 after purchasing an additional 90 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Estée Lauder Companies by 16.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock worth $98,000 after purchasing an additional 96 shares during the period. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

(Get free report)

The Estée Lauder Companies Inc. manufactures, markets and sells skin care products, makeup, fragrances and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliants, acne care and oil correctors, face masks and sunscreens; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eye shadows, nail polishes and powders, as well as compacts, brushes and other makeup tools.

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