Estee Lauder Companies (NYSE:EL) Price Target Raised to $126.00

Estee Lauder Companies (NYSE:EL) had its price objective boosted by Royal Bank Of Canada from $120.00 to $126.00 in a report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. TD Cowen raised their target price on Estee Lauder Companies from $100.00 to $115.00 and gave the company a “hold” rating in a research note on Friday, October 30th. Piper Sandler upped their price target on shares of Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Jefferies Financial Group upped their price target on shares of Estee Lauder Companies from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Estee Lauder Companies from $108.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Barclays upgraded shares of Estee Lauder Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $97.00 to $108.00 in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Estee Lauder Companies has a consensus rating of “Moderate Buy” and a consensus target price of $110.31.

Estee Lauder Companies Trading Down 3.7%

EL stock opened at $107.84 on Tuesday. The business has a fifty day moving average price of $100.65 and a 200 day moving average price of $91.75. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The stock has a market capitalization of $39.02 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.25 and a quick ratio of 0.90.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.21. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. Analysts expect that Estee Lauder Companies will post 3.42 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, November 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently 140.00%.

Insider Activity

In other news, VP Rashida La Lande sold 7,766 shares of Estee Lauder Companies stock in a transaction on Friday, August 28th. The stock was sold at an average price of $103.32, for a total value of $802,383.12. Following the completion of the sale, the vice president directly owned 14,357 shares of the company’s stock, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Fribourg sold 58,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the sale, the director owned 417,300 shares of the company’s stock, valued at approximately $40,966,341. The trade was a 12.20% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 75,105 shares of company stock valued at $7,423,185. Company insiders own 11.54% of the company’s stock.

Institutional Trading of Estee Lauder Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in shares of Estee Lauder Companies by 24.9% in the 2nd quarter. Tidal Investments LLC now owns 1,137,758 shares of the company’s stock valued at $89,826,000 after purchasing an additional 226,888 shares during the last quarter. Nykredit A S acquired a new stake in shares of Estee Lauder Companies during the 2nd quarter worth approximately $6,750,000. S&CO Inc. acquired a new stake in shares of Estee Lauder Companies during the 2nd quarter worth approximately $5,586,000. Chapin Davis Inc. acquired a new stake in shares of Estee Lauder Companies during the 3rd quarter worth approximately $9,339,000. Finally, SummitTX Capital L.P. bought a new stake in shares of Estee Lauder Companies during the first quarter worth approximately $7,608,000. 55.15% of the stock is owned by institutional investors.

More Estee Lauder Companies News

Here are the key news stories impacting Estee Lauder Companies this week:

• Positive Sentiment: Estée Lauder set a fiscal 2030 ambition of mid-single-digit annual organic sales growth, higher margins and double-digit earnings growth. The plan builds on its Beauty Reimagined strategy and One ELC operating model, with innovation and efficiency improvements among the expected drivers. Company announcement Reuters report
• Positive Sentiment: Analyst actions were largely upbeat: Barclays raised its price target to $126 and maintained an Overweight rating, while RBC issued a Buy rating and JPMorgan raised its target. RBC, Wells Fargo and UBS were also reported as anticipating strong appreciation, supporting sentiment around EL’s recovery prospects. Barclays rating update RBC rating JPMorgan target update
• Neutral Sentiment: Analyst views are not unanimous: TD Cowen maintained a Hold, and the reported consensus price target is $106.92—close to the recently quoted share price. This signals caution alongside the more bullish individual forecasts. TD Cowen rating Consensus price target

About Estee Lauder Companies

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.