Est?e Lauder Companies (EL) Sets New 1-Year High and Low After Analyst Upgrade

Est?e Lauder Companies (NYSE:EL)’s share price hit a new 52-week high and low during mid-day trading on Friday 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 $153.14 and last traded at $151.04, with a volume of 623157 shares trading hands. The stock had previously closed at $151.48.

Other equities analysts have also recently issued research reports about the company. Piper Jaffray reaffirmed a “buy” rating and issued a $145.00 price target on shares of Est?e Lauder Companies in a report on Monday, February 5th. KeyCorp reaffirmed a “buy” rating and issued a $150.00 price target on shares of Est?e Lauder Companies in a report on Friday, February 2nd. Jefferies Group set a $148.00 price target on Est?e Lauder Companies and gave the stock a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research raised Est?e Lauder Companies from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a report on Tuesday, January 9th. Finally, Wells Fargo reaffirmed a “buy” rating and issued a $150.00 price target on shares of Est?e Lauder Companies in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $135.77.

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In other Est?e Lauder Companies news, Director Richard D. Parsons sold 9,312 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $132.96, for a total transaction of $1,238,123.52. Following the completion of the transaction, the director now owns 4,576 shares of the company’s stock, valued at $608,424.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory Polcer sold 40,797 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total value of $6,119,550.00. Following the completion of the sale, the executive vice president now owns 110,706 shares of the company’s stock, valued at $16,605,900. The disclosure for this sale can be found here. Insiders have sold 211,642 shares of company stock valued at $29,740,621 in the last three months. Insiders own 16.24% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. First Republic Investment Management Inc. grew its position in shares of Est?e Lauder Companies by 107.3% in the third quarter. First Republic Investment Management Inc. now owns 30,303 shares of the company’s stock valued at $3,268,000 after purchasing an additional 15,684 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Est?e Lauder Companies by 7.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,579 shares of the company’s stock valued at $2,553,000 after purchasing an additional 1,600 shares in the last quarter. Convergence Investment Partners LLC grew its position in shares of Est?e Lauder Companies by 5.0% in the fourth quarter. Convergence Investment Partners LLC now owns 23,185 shares of the company’s stock valued at $2,950,000 after purchasing an additional 1,096 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Est?e Lauder Companies by 10.0% in the fourth quarter. Victory Capital Management Inc. now owns 24,881 shares of the company’s stock valued at $3,166,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Est?e Lauder Companies by 519.4% in the third quarter. Cubist Systematic Strategies LLC now owns 28,592 shares of the company’s stock valued at $3,083,000 after purchasing an additional 23,976 shares in the last quarter. Institutional investors and hedge funds own 54.13% of the company’s stock.

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market cap of $55,710.71, a PE ratio of 43.30, a P/E/G ratio of 2.68 and a beta of 0.64.

Est?e Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. Est?e Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. analysts forecast that Est?e Lauder Companies will post 4.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were given a $0.38 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.01%. Est?e Lauder Companies’s dividend payout ratio (DPR) is presently 43.80%.

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About Est?e Lauder Companies

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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