Estée Lauder Companies (NYSE:EL) Price Target Lowered to $75.00 at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its target price reduced by Canaccord Genuity Group from $100.00 to $75.00 in a research report released on Friday, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Several other research firms have also recently issued reports on EL. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Wednesday, October 16th. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Thursday. UBS Group dropped their target price on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $131.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Nineteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $103.52.

Estée Lauder Companies Stock Down 3.4 %

EL stock opened at $66.58 on Friday. The stock has a market capitalization of $23.88 billion, a PE ratio of 118.89, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. The company has a fifty day moving average of $90.09 and a 200-day moving average of $105.98. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.32. Estée Lauder Companies has a one year low of $63.36 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share 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 company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts expect that Estée Lauder Companies will post 2.95 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is 471.43%.

Insider Activity

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now directly owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Estée Lauder Companies by 6.4% during the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after buying an additional 1,250,555 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after acquiring an additional 1,078,926 shares during the period. Independent Franchise Partners LLP lifted its holdings in shares of Estée Lauder Companies by 44.4% during the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after acquiring an additional 1,066,320 shares in the last quarter. Clearbridge Investments LLC boosted its position in Estée Lauder Companies by 4.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock worth $487,612,000 after purchasing an additional 140,416 shares during the period. Finally, Marshall Wace LLP increased its holdings in Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after purchasing an additional 1,920,439 shares in the last quarter. Institutional investors and hedge funds 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.