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The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) has received a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $266.09.
A number of research analysts have recently weighed in on EL shares. Morgan Stanley raised their price objective on Estée Lauder Companies from $245.00 to $271.00 and gave the company an “overweight” rating in a research report on Monday, December 19th. Redburn Partners coverage assumed on Estée Lauder Companies in a research report on Thursday, December 15th. They issued a “sell” rating and a $210.00 price target for the company. Credit Suisse Group dropped their price target on Estée Lauder Companies from $260.00 to $215.00 and set an “outperform ” rating for the company in a research report on Thursday, November 3rd. DA Davidson dropped their price target on Estée Lauder Companies from $318.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Finally , Berenberg Bank lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $323.00 to $220.00 in a research report on Monday, No vember 7th.
Estée Lauder Companies Trading Down 0.7 %
Shares of Estée Lauder Companies stock opened at $248.11 on Friday. The firm has a market cap of $88.53 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.82 and a beta of 0.99. The business has a 50-day moving average price of $226.12 and a 200-day moving average price of $240.46. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. Estée Lauder Companies has a twelve month low of $186.47 and a twelve month high of $374.20.
Estée Lauder Companies Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and ald dividend of 1.06% ex-dividend date was Tuesday, November 29th. This is an increase from Estée Lauder Companies’s previous quarterly dividend of $0.60. Estée Lauder Companies’s payout ratio is currently 44.07%.
Institutional Trading of Estée Lauder Companies
Several institutional investors and hedge funds have recently modified their holdings of EL. Retirement Guys Formula LLC raised its stake in Estée Lauder Companies by 22.1% in the third quarter. Retirement Guys Formula LLC now owns 1,588 shares of the company’s stock worth $343,000 after buying an additional 287 shares in the last quarter. MQS Management LLC bought a new position in Estée Lauder Companies in the third quarter worth approximately $267,000. Toroso Investments LLC raised its stake in Estée Lauder Companies by 4.8% in the third Lro soverts. 5,626 shares of the company’s stock worth $1,215,000 after buying an additional 259 shares in the last quarter. CVA Family Office LLC raised its stake in Estée Lauder Companies by 19.0% in the third quarter. CVA Family Office company LLC now owns the 43 worth $95,000 after buying an additional 70 shares in the last quarter. Finally, Dash Acquisitions Inc. raised its stake in Estée Lauder Co mpanies by 71.5% in the third quarter. Dash Acquisitions Inc. now owns 19,633 shares of the company’s stock worth $4,239,000 after buying an additional 8,188 shares in the last quarter. Institutional investors own 55.74% of the stock.
Estée Lauder Companies Company Profile
(Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.
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