Estée Lauder Companies’ (EL) “Buy” Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a research report sent to investors on Tuesday morning, Benzinga reports. DA Davidson currently has a $130.00 price objective on the stock.

EL has been the subject of several other reports. Royal Bank of Canada reissued an outperform rating and set a $131.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Canaccord Genuity Group reiterated a hold rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Raymond James downgraded shares of Estée Lauder Companies from a strong-buy rating to a market perform rating in a research report on Monday, July 22nd. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $140.00 to $100.00 and set an equal weight rating for the company in a research note on Tuesday, August 20th. Finally, Telsey Advisory Group restated a market perform rating and issued a $115.00 price target on shares of Estée Lauder Companies in a research note on Monday, August 19th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Estée Lauder Companies has an average rating of Hold and an average target price of $122.77.

Estée Lauder Companies Price Performance

NYSE:EL opened at $90.12 on Tuesday. The firm has a market cap of $32.31 billion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The stock has a 50 day moving average of $97.09 and a two-hundred day moving average of $122.86. Estée Lauder Companies has a 12 month low of $86.05 and a 12 month high of $160.06. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. On average, analysts expect that Estée Lauder Companies will post 2.99 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $315,963.41. Following the completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies during the first quarter worth $26,000. Hexagon Capital Partners LLC grew its position in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies in the second quarter valued at approximately $30,000. PARK CIRCLE Co bought a new position in shares of Estée Lauder Companies in the 2nd quarter valued at approximately $32,000. Finally, Kimelman & Baird LLC bought a new position in shares of Estée Lauder Companies in the second quarter worth about $32,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Company Profile

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.