Estee Lauder Companies (NYSE:EL) Price Target Raised to $115.00

Estee Lauder Companies (NYSE:EL) had its price target upped by JPMorgan Chase & Co. from $112.00 to $115.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms also recently weighed in on EL. Telsey Advisory Group boosted their target price on shares of Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Barclays upgraded shares of Estee Lauder Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $97.00 to $108.00 in a research note on Monday, October 5th. Jefferies Financial Group raised their price target on shares of Estee Lauder Companies from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Monday. Zacks Research cut shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, China Intl Cap upgraded shares of Estee Lauder Companies to a “strong-buy” rating in a research note on Sunday, August 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.33.

Estee Lauder Companies Price Performance

Shares of EL stock opened at $103.56 on Monday. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The firm has a market capitalization of $37.47 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 1.23 and a beta of 1.27. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The stock’s 50-day simple moving average is $97.93 and its 200-day simple moving average is $87.65.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, equities analysts forecast that Estee Lauder Companies will post 3.31 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 31st. Estee Lauder Companies’s dividend payout ratio (DPR) is 285.71%.

Insider Activity at Estee Lauder Companies

In other Estee Lauder Companies news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction that occurred 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 sale, the vice president owned 14,357 shares in the company, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,775 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the sale, the director owned 50,971 shares in the company, valued at approximately $5,036,954.22. This represents a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 75,105 shares of company stock worth $7,423,185. 11.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Estee Lauder Companies

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of Estee Lauder Companies by 35.2% in the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after purchasing an additional 108 shares during the period. Kestra Advisory Services LLC boosted its holdings in Estee Lauder Companies by 3.1% during the first quarter. Kestra Advisory Services LLC now owns 4,520 shares of the company’s stock worth $324,000 after buying an additional 134 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Estee Lauder Companies by 3.0% during the second quarter. QRG Capital Management Inc. now owns 4,569 shares of the company’s stock worth $361,000 after buying an additional 135 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in Estee Lauder Companies by 1.3% during the third quarter. Hartford Financial Management Inc. now owns 10,787 shares of the company’s stock worth $1,001,000 after buying an additional 140 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its position in Estee Lauder Companies by 1.4% during the first quarter. Contravisory Investment Management Inc. now owns 11,691 shares of the company’s stock valued at $839,000 after buying an additional 158 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

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.