Piper Sandler Issues Positive Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price objective lifted by Piper Sandler from $89.00 to $91.00 in a research report report published on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities analysts also recently commented on the stock. DA Davidson reissued a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Monday, December 23rd. B. Riley lowered their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Wednesday, October 16th. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $113.00 to $74.00 in a report on Friday, November 1st. Finally, Bank of America reduced their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.41.

Estée Lauder Companies Price Performance

Shares of EL opened at $73.53 on Monday. The business’s 50-day moving average is $73.02 and its 200-day moving average is $87.58. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The company has a market capitalization of $26.40 billion, a price-to-earnings ratio of 131.30, a P/E/G ratio of 5.33 and a beta of 1.02. Estée Lauder Companies has a fifty-two week low of $62.29 and a fifty-two week high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts expect that Estée Lauder Companies will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. Estée Lauder Companies’s payout ratio is currently 250.00%.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. The trade was a 32.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Centre Asset Management LLC bought a new stake in shares of Estée Lauder Companies during the fourth quarter worth $8,585,000. Armistice Capital LLC grew its holdings in Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock worth $19,398,000 after acquiring an additional 96,239 shares during the last quarter. Franklin Resources Inc. grew its holdings in Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after acquiring an additional 45,687 shares during the last quarter. Paloma Partners Management Co increased its position in Estée Lauder Companies by 729.4% in the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after acquiring an additional 41,773 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

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, and powders, as well as compacts, brushes, and other makeup tools.