Estée Lauder Companies (NYSE:EL) Rating Lowered to Hold at HSBC

HSBC downgraded shares of Estée Lauder Companies (NYSE:EL) from a buy rating to a hold rating in a research note published on Wednesday, Marketbeat.com reports. They currently have $100.00 price objective on the stock.

EL has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $131.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, August 20th. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Citigroup dropped their price objective on shares of Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Finally, Stifel Nicolaus dropped their price objective on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Sixteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $117.36.

Estée Lauder Companies Stock Down 1.0 %

Shares of NYSE:EL opened at $90.04 on Wednesday. The firm has a fifty day moving average price of $91.68 and a two-hundred day moving average price of $110.64. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. Estée Lauder Companies has a one year low of $82.39 and a one year high of $159.75. The company has a market cap of $32.29 billion, a price-to-earnings ratio of 50.58, a PEG ratio of 1.58 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Estée Lauder Companies will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Institutional Investors Weigh In On Estée Lauder Companies

Several hedge funds have recently bought and sold shares of the business. Tradewinds Capital Management LLC boosted its stake in Estée Lauder Companies by 34.1% during the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock worth $45,000 after acquiring an additional 75 shares in the last quarter. Haverford Trust Co boosted its stake in Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after acquiring an additional 78 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Estée Lauder Companies by 25.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock worth $62,000 after acquiring an additional 82 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Estée Lauder Companies by 11.9% during the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock worth $131,000 after acquiring an additional 90 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.