Telsey Advisory Group reiterated their market perform rating on shares of Estée Lauder Companies (NYSE:EL – Free Report) in a research note published on Tuesday,Benzinga reports. The firm currently has a $76.00 target price on the stock.
Other research analysts have also recently issued research reports about the stock. Piper Sandler upped their target price on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 7th. Finally, B. Riley decreased their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.36.
Check Out Our Latest Research Report on EL
Estée Lauder Companies Trading Down 0.7 %
Estée Lauder Companies (NYSE:EL – Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts anticipate that Estée Lauder Companies will post 1.51 earnings per share for the current fiscal year.
Estée Lauder Companies Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.
Insider Activity at Estée Lauder Companies
In related news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg bought 77,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Estée Lauder Companies
A number of institutional investors have recently modified their holdings of EL. Ameliora Wealth Management Ltd. bought a new position in shares of Estée Lauder Companies in the fourth quarter worth about $29,000. Eagle Bay Advisors LLC grew its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter worth approximately $31,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. 55.15% of the stock is owned by institutional investors.
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.
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