Estée Lauder Companies (NYSE:EL) Sets New 52-Week Low at $85.85

The Estée Lauder Companies Inc. (NYSE:EL) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $85.85 and last traded at $86.00, with a volume of 292939 shares trading hands. The stock had previously closed at $86.91.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Evercore ISI dropped their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $100.00 in a research report on Friday, August 16th. UBS Group reduced their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Finally, StockNews.com raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $121.57.

Estée Lauder Companies Trading Down 2.3 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The business has a 50-day moving average of $96.34 and a 200-day moving average of $121.68. The firm has a market cap of $30.44 billion, a price-to-earnings ratio of 48.83, a P/E/G ratio of 1.46 and a beta of 1.00.

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, beating analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. Estée Lauder Companies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 earnings per share. Research analysts anticipate that The Estée Lauder Companies Inc. will post 2.99 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently declared 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. This represents a $2.64 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insiders Place Their Bets

In related news, Director Lynn Forester sold 3,890 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was 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 directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on 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 $4,578,114. The disclosure for this sale can be found here. Company insiders own 12.77% of the company’s stock.

Institutional Trading of Estée Lauder Companies

A number of institutional investors and hedge funds have recently bought and sold shares of EL. 9258 Wealth Management LLC grew its stake in shares of Estée Lauder Companies by 59.3% in the 4th quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock valued at $445,000 after buying an additional 1,133 shares during the period. Principal Securities Inc. bought a new position in Estée Lauder Companies in the 4th quarter valued at about $267,000. Versor Investments LP bought a new position in Estée Lauder Companies in the 4th quarter valued at about $361,000. Cary Street Partners Investment Advisory LLC lifted its position in Estée Lauder Companies by 74.7% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,749 shares of the company’s stock valued at $256,000 after acquiring an additional 748 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in Estée Lauder Companies by 3.1% in the 4th quarter. QRG Capital Management Inc. now owns 11,754 shares of the company’s stock valued at $1,719,000 after acquiring an additional 351 shares in the last quarter. 55.15% of the stock is currently 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.