1 week Ago By ABMN Staff
DA Davidson restated their buy rating on shares of Estée Lauder Companies ( NYSE:EL – Free Report ) in a research note published on Monday morning, Benzinga reports. They currently have a $81.00 price target on the stock.
A number of other research firms also recently weighed in on EL. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.
Piper Sandler upped their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th.
The Goldman Sachs Group reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.
TD Cowen dropped their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st.
Finally, Wells Fargo & Company cut Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $105.00 to $72.00 in a report on Thursday, October 31st.
Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.
57. Read Our Latest Research Report on EL Estée Lauder Companies Stock Performance Estée Lauder Companies ( NYSE:EL – Get Free Report ) last announced its earnings results on Thursday, October 31st. The company reported $0.
14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05.
Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%.
The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion.
During the same period in the prior year, the business earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.
5% on a year-over-year basis. On average, research analysts anticipate that Estée Lauder Companies will post 1.46 earnings per share for the current fiscal year.
Estée Lauder Companies Cuts Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.35 per share.
The ex-dividend date was Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.
87%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.
Insider Activity at Estée Lauder Companies In other news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.
44. Following the sale, the chief executive officer now owns 295,838 shares in the company, valued at $20,045,982.88.
This represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link .
Also, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $64.
93 per share, with a total value of $4,902,215.00. Following the purchase, the director now owns 310,000 shares of the company’s stock, valued at approximately $20,128,300.
The trade was a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
12.78% of the stock is owned by insiders. Institutional Trading of Estée Lauder Companies A number of hedge funds have recently modified their holdings of EL.
B. Riley Wealth Advisors Inc. bought a new stake in Estée Lauder Companies in the 3rd quarter valued at $1,002,000.
Oddo BHF Asset Management Sas acquired a new stake in shares of Estée Lauder Companies during the third quarter worth $1,621,000. Franklin Resources Inc. boosted its position in shares of Estée Lauder Companies by 47.
5% in the third quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after acquiring an additional 45,687 shares during the period.
Tidal Investments LLC grew its stake in shares of Estée Lauder Companies by 25.3% in the third quarter. Tidal Investments LLC now owns 28,715 shares of the company’s stock valued at $2,863,000 after acquiring an additional 5,803 shares in the last quarter.
Finally, Wilmington Savings Fund Society FSB bought a new position in Estée Lauder Companies during the third quarter worth about $199,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
About Estée Lauder Companies ( Get Free Report ) 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. Further Reading Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.
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