Estée Lauder Companies (NYSE:EL) Given New $146.00 Price Target at Barclays

Estée Lauder Companies (NYSE:EL) had its price target raised by Barclays from $141.00 to $146.00 in a research note published on Friday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

EL has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered shares of Estée Lauder Companies from a buy rating to a hold rating and set a $146.00 price target on the stock. in a report on Tuesday, January 2nd. DA Davidson reissued a buy rating and set a $179.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, April 2nd. Wells Fargo & Company boosted their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a report on Tuesday, February 6th. StockNews.com lowered shares of Estée Lauder Companies from a hold rating to a sell rating in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group started coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They set a neutral rating and a $145.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $168.00.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $137.23 on Friday. The firm has a market cap of $49.19 billion, a price-to-earnings ratio of 105.56, a PEG ratio of 3.61 and a beta of 1.07. The company’s 50 day moving average is $146.74 and its 200 day moving average is $138.08. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $260.46.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same period last year, the company posted $1.54 earnings per share. Estée Lauder Companies’s revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Estée Lauder Companies will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a $0.66 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.92%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EL. Keybank National Association OH grew its stake in Estée Lauder Companies by 11.3% during the 3rd quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock valued at $651,000 after acquiring an additional 458 shares in the last quarter. Impax Asset Management Group plc grew its stake in Estée Lauder Companies by 517.6% during the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock valued at $6,820,000 after acquiring an additional 39,082 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its stake in Estée Lauder Companies by 221.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock valued at $9,075,000 after acquiring an additional 43,280 shares in the last quarter. YCG LLC grew its stake in Estée Lauder Companies by 5.7% during the 4th quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after acquiring an additional 9,619 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Estée Lauder Companies by 37.1% during the 3rd quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock valued at $205,776,000 after acquiring an additional 381,860 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.