The Estée Lauder Companies Inc. (NYSE:EL – Get Free Report) gapped down prior to trading on Friday after Canaccord Genuity Group lowered their price target on the stock from $208.00 to $162.00. The stock had previously closed at $162.06, but opened at $152.00. Canaccord Genuity Group currently has a hold rating on the stock. Estée Lauder Companies shares last traded at $156.77, with a volume of 2,057,274 shares.
Other research analysts also recently issued research reports about the stock. Argus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Bank of America decreased their price target on shares of Estée Lauder Companies from $205.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price target on shares of Estée Lauder Companies in a research report on Monday. Barclays downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $210.00 to $193.00 in a research report on Thursday, July 20th. Finally, Piper Sandler downgraded shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $265.00 to $195.00 in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $231.96.
Institutional Investors Weigh In On Estée Lauder Companies
Institutional investors have recently made changes to their positions in the company. United Bank lifted its holdings in Estée Lauder Companies by 1.8% during the 1st quarter. United Bank now owns 4,879 shares of the company’s stock valued at $1,329,000 after buying an additional 88 shares in the last quarter. Cibc World Market Inc. lifted its holdings in Estée Lauder Companies by 78.4% during the 1st quarter. Cibc World Market Inc. now owns 17,748 shares of the company’s stock valued at $4,833,000 after buying an additional 7,797 shares in the last quarter. Prudential PLC bought a new stake in Estée Lauder Companies during the 1st quarter valued at about $1,147,000. Cetera Investment Advisers lifted its holdings in Estée Lauder Companies by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 3,932 shares of the company’s stock valued at $1,071,000 after buying an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Estée Lauder Companies by 27.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 978 shares of the company’s stock valued at $267,000 after buying an additional 210 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.
Estée Lauder Companies Stock Down 2.9 %
The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The firm has a market cap of $56.22 billion, a PE ratio of 53.84, a P/E/G ratio of 4.80 and a beta of 1.02. The business’s 50-day simple moving average is $184.47 and its 200 day simple moving average is $216.26.
Estée Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.68%. Estée Lauder Companies’s dividend payout ratio (DPR) is 87.71%.
About Estée Lauder Companies
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.