Telsey Advisory Group Reaffirms “Market Perform” Rating for Estée Lauder Companies (NYSE:EL)

Telsey Advisory Group restated their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have a $155.00 price objective on the stock.

Several other research firms also recently commented on EL. Oppenheimer reaffirmed a market perform rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. The Goldman Sachs Group assumed coverage on Estée Lauder Companies in a research report on Friday, March 1st. They set a neutral rating and a $145.00 price objective on the stock. Bank of America raised Estée Lauder Companies from a neutral rating to a buy rating and lifted their target price for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday. Finally, Bernstein Bank lifted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Seventeen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of Hold and an average price target of $160.92.

Estée Lauder Companies Trading Down 1.5 %

Shares of Estée Lauder Companies stock opened at $132.94 on Wednesday. Estée Lauder Companies has a 1 year low of $102.22 and a 1 year high of $209.64. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a P/E/G ratio of 3.50 and a beta of 1.07. The business has a fifty day simple moving average of $145.88 and a two-hundred day simple moving average of $138.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the company posted $0.47 EPS. Estée Lauder Companies’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts forecast that Estée Lauder Companies will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s payout ratio is 148.32%.

Hedge Funds Weigh In On Estée Lauder Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in EL. Wetzel Investment Advisors Inc. boosted its stake in shares of Estée Lauder Companies by 8.3% during the first quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock valued at $128,000 after purchasing an additional 68 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in Estée Lauder Companies by 34.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Estée Lauder Companies by 0.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock worth $2,440,000 after buying an additional 76 shares during the period. Haverford Trust Co grew its holdings in Estée Lauder Companies by 2.3% during the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after acquiring an additional 78 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Estée Lauder Companies by 25.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after acquiring an additional 82 shares during the period. Institutional investors own 55.15% of the company’s stock.

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.