Est?e Lauder Companies (NYSE:EL) hit a new 52-week high and low during mid-day trading on Thursday after Morgan Stanley raised their price target on the stock from $147.00 to $160.00. Morgan Stanley currently has an overweight rating on the stock. Est?e Lauder Companies traded as low as $151.48 and last traded at $151.12, with a volume of 630831 shares. The stock had previously closed at $150.50.
A number of other brokerages also recently issued reports on EL. Zacks Investment Research downgraded shares of Est?e Lauder Companies from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray set a $152.00 price objective on shares of Est?e Lauder Companies and gave the stock a “buy” rating in a research note on Tuesday, March 27th. Credit Suisse Group assumed coverage on shares of Est?e Lauder Companies in a research note on Monday, March 12th. They set an “outperform” rating and a $162.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $150.00 price objective (up from $145.00) on shares of Est?e Lauder Companies in a research note on Tuesday, February 20th. Finally, Bank of America increased their price objective on shares of Est?e Lauder Companies from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $135.77.
In related news, insider Fabrizio Freda sold 54,610 shares of Est?e Lauder Companies stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $140.78, for a total transaction of $7,687,995.80. Following the sale, the insider now directly owns 127,784 shares in the company, valued at approximately $17,989,431.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tracey Thomas Travis sold 5,000 shares of Est?e Lauder Companies stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $137.02, for a total transaction of $685,100.00. Following the sale, the chief financial officer now owns 24,467 shares in the company, valued at $3,352,468.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,642 shares of company stock worth $29,740,621. 16.24% of the stock is currently owned by corporate insiders.
The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.33 and a current ratio of 1.76. The stock has a market capitalization of $55,350.29, a P/E ratio of 43.30, a P/E/G ratio of 2.66 and a beta of 0.64.
Est?e Lauder Companies (NYSE:EL) last posted its earnings results on Friday, February 2nd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Est?e Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company earned $1.22 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. equities research analysts expect that Est?e Lauder Companies will post 4.36 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.52 annualized dividend and a yield of 1.01%. Est?e Lauder Companies’s payout ratio is 43.80%.
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Est?e Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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