The Estée Lauder Companies Inc. (NYSE:EL – Get Free Report) dropped 2.6% during mid-day trading on Monday after Barclays lowered their price target on the stock from $150.00 to $140.00. Barclays currently has an equal weight rating on the stock. Estée Lauder Companies traded as low as $129.29 and last traded at $129.55. Approximately 557,159 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,769,165 shares. The stock had previously closed at $132.94.
A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity Group dropped their price target on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a research note on Thursday. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price objective on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company upped their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.92.
Hedge Funds Weigh In On Estée Lauder Companies
A number of hedge funds have recently added to or reduced their stakes in EL. Keybank National Association OH lifted its holdings in Estée Lauder Companies by 11.3% in the third quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock valued at $651,000 after acquiring an additional 458 shares during the period. Impax Asset Management Group plc raised its position in Estée Lauder Companies by 517.6% in the fourth quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after acquiring an additional 39,082 shares during the period. Unique Wealth Strategies LLC purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth $819,000. ICICI Prudential Asset Management Co Ltd grew its position in shares of Estée Lauder Companies by 221.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock valued at $9,075,000 after acquiring an additional 43,280 shares during the period. Finally, YCG LLC increased its position in Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock worth $26,068,000 after buying an additional 9,619 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.
Estée Lauder Companies Trading Down 2.1 %
The stock has a market cap of $46.65 billion, a P/E ratio of 73.11, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07. The stock’s 50-day moving average is $145.58 and its two-hundred day moving average is $138.09. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15.
Estée Lauder Companies (NYSE:EL – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.
Estée Lauder Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.
About Estée Lauder Companies
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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.