Estée Lauder Companies (NYSE:EL) Price Target Cut to $104.00 by Analysts at UBS Group

Estée Lauder Companies (NYSE:EL) had its price objective lowered by UBS Group from $115.00 to $104.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently commented on EL. Citigroup lowered their price objective on Estée Lauder Companies from $175.00 to $135.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada raised Estée Lauder Companies from a sector perform rating to an outperform rating and set a $131.00 price target for the company in a research report on Wednesday, July 24th. Piper Sandler cut their price objective on shares of Estée Lauder Companies from $141.00 to $108.00 and set a neutral rating on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. lowered their target price on shares of Estée Lauder Companies from $145.00 to $129.00 and set an overweight rating for the company in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $108.00 to $105.00 and set a hold rating on the stock in a report on Tuesday. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average target price of $124.39.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $93.67 on Tuesday. Estée Lauder Companies has a twelve month low of $86.05 and a twelve month high of $165.76. The stock’s 50 day moving average is $100.83 and its 200-day moving average is $126.09. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $33.59 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 1.79 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. Sell-side analysts forecast that Estée Lauder Companies will post 2.21 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.82%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 148.31%.

Insider Buying and Selling

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Estée Lauder Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers increased its stake in Estée Lauder Companies by 24.5% in the 2nd quarter. Cetera Investment Advisers now owns 31,051 shares of the company’s stock worth $3,304,000 after acquiring an additional 6,102 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Estée Lauder Companies in the second quarter worth approximately $32,000. Brown Shipley& Co Ltd raised its stake in Estée Lauder Companies by 1.0% in the second quarter. Brown Shipley& Co Ltd now owns 40,163 shares of the company’s stock valued at $4,273,000 after purchasing an additional 412 shares in the last quarter. Ecofi Investissements SA bought a new stake in Estée Lauder Companies during the second quarter valued at approximately $53,000. Finally, Quarry LP purchased a new position in Estée Lauder Companies in the 2nd quarter worth approximately $259,000. Hedge funds and other 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.