DA Davidson Increases Estée Lauder Companies (EL) Price Target to $134.00

Estée Lauder Companies (NYSE:EL) had its target price lifted by DA Davidson from $131.00 to $134.00 in a report issued on Thursday, May 3rd. The firm currently has a neutral rating on the stock. DA Davidson also issued estimates for Estée Lauder Companies’ FY2018 earnings at $4.43 EPS, Q1 2019 earnings at $1.34 EPS, Q2 2019 earnings at $1.73 EPS, Q3 2019 earnings at $1.29 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $5.00 EPS.

EL has been the topic of a number of other research reports. Credit Suisse Group started coverage on Estée Lauder Companies in a research note on Monday, March 12th. They issued an outperform rating and a $162.00 price objective on the stock. Stifel Nicolaus reissued a buy rating on shares of Estée Lauder Companies in a research note on Wednesday, April 18th. Zacks Investment Research raised Estée Lauder Companies from a hold rating to a buy rating and set a $147.00 price objective on the stock in a research note on Tuesday, January 9th. Wells Fargo boosted their price objective on Estée Lauder Companies from $135.00 to $145.00 and gave the stock an outperform rating in a research note on Thursday, January 4th. Finally, Oppenheimer boosted their price objective on Estée Lauder Companies from $130.00 to $148.00 and gave the stock an outperform rating in a research note on Tuesday, January 23rd. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Estée Lauder Companies has an average rating of Buy and an average price target of $142.43.

Shares of NYSE:EL opened at $144.90 on Thursday. Estée Lauder Companies has a fifty-two week low of $142.41 and a fifty-two week high of $145.02. The firm has a market capitalization of $53.11 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.37 and a beta of 0.63. The company has a current ratio of 1.82, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.10. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.25 billion. Estée Lauder Companies had a return on equity of 35.88% and a net margin of 8.67%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. research analysts predict that Estée Lauder Companies will post 4.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, May 30th. Estée Lauder Companies’s payout ratio is 43.80%.

In other Estée Lauder Companies news, EVP Gregory Polcer sold 40,797 shares of the stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $150.00, for a total value of $6,119,550.00. Following the transaction, the executive vice president now owns 110,706 shares of the company’s stock, valued at $16,605,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ronald S. Foundation Lauder sold 16,447 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $138.11, for a total value of $2,271,495.17. Following the completion of the transaction, the insider now directly owns 83,418 shares in the company, valued at approximately $11,520,859.98. The disclosure for this sale can be found here. Corporate insiders own 16.24% of the company’s stock.

Several institutional investors have recently made changes to their positions in EL. Dimensional Fund Advisors LP increased its holdings in shares of Estée Lauder Companies by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 478,625 shares of the company’s stock worth $51,610,000 after acquiring an additional 2,525 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $1,829,000. LGT Capital Partners LTD. increased its holdings in shares of Estée Lauder Companies by 1.2% in the fourth quarter. LGT Capital Partners LTD. now owns 246,914 shares of the company’s stock worth $31,417,000 after acquiring an additional 2,854 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Estée Lauder Companies by 7.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 79,952 shares of the company’s stock worth $10,169,000 after acquiring an additional 5,363 shares in the last quarter. Finally, Atria Investments LLC increased its holdings in shares of Estée Lauder Companies by 38.0% in the fourth quarter. Atria Investments LLC now owns 6,312 shares of the company’s stock worth $803,000 after acquiring an additional 1,737 shares in the last quarter. Institutional investors own 54.14% of the company’s stock.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

Analyst Recommendations for Estée Lauder Companies (NYSE:EL)

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