Estee Lauder Companies (NYSE:EL) Price Target Raised to $112.00

Estee Lauder Companies (NYSE:EL) had its target price hoisted by UBS Group from $104.00 to $112.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

EL has been the subject of a number of other research reports. Morgan Stanley upped their price objective on shares of Estee Lauder Companies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. TD Cowen increased their target price on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, October 30th. Canaccord Genuity Group raised their target price on Estee Lauder Companies from $90.00 to $109.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Citigroup raised their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein lifted their price target on Estee Lauder Companies from $82.00 to $106.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.31.

Estee Lauder Companies Stock Performance

EL opened at $107.84 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.25 and a quick ratio of 0.90. The firm has a fifty day moving average price of $100.65 and a 200 day moving average price of $91.75. Estee Lauder Companies has a 1 year low of $66.22 and a 1 year high of $121.64. The stock has a market cap of $39.02 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.51 and a beta of 1.23.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.65 billion. Estee Lauder Companies had a net margin of 2.41% and a return on equity of 26.99%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities research analysts anticipate that Estee Lauder Companies will post 3.42 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Estee Lauder Companies’s payout ratio is currently 140.00%.

Insiders Place Their Bets

In related news, Director Paul Fribourg sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the completion of the sale, the director directly owned 417,300 shares in the company, valued at approximately $40,966,341. The trade was a 12.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the sale, the vice president directly owned 14,357 shares of the company’s stock, valued at $1,483,365.24. The trade was a 35.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 75,105 shares of company stock worth $7,423,185. Corporate insiders own 11.54% of the company’s stock.

Hedge Funds Weigh In On Estee Lauder Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new stake in shares of Estee Lauder Companies in the 2nd quarter worth $28,000. Kozak & Associates Inc. purchased a new position in shares of Estee Lauder Companies during the 2nd quarter worth $30,000. IFP Advisors Inc boosted its position in shares of Estee Lauder Companies by 35.2% during the 2nd quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after acquiring an additional 108 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Estee Lauder Companies by 1,732.5% during the 1st quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock valued at $53,000 after acquiring an additional 693 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Estee Lauder Companies by 37.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,349 shares of the company’s stock valued at $97,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Key Estee Lauder Companies News

Here are the key news stories impacting Estee Lauder Companies this week:

• Positive Sentiment: Estée Lauder set a fiscal 2030 ambition of mid-single-digit annual organic sales growth, higher margins and double-digit earnings growth. The plan builds on its Beauty Reimagined strategy and One ELC operating model, with innovation and efficiency improvements among the expected drivers. Company announcement Reuters report
• Positive Sentiment: Analyst actions were largely upbeat: Barclays raised its price target to $126 and maintained an Overweight rating, while RBC issued a Buy rating and JPMorgan raised its target. RBC, Wells Fargo and UBS were also reported as anticipating strong appreciation, supporting sentiment around EL’s recovery prospects. Barclays rating update RBC rating JPMorgan target update
• Neutral Sentiment: Analyst views are not unanimous: TD Cowen maintained a Hold, and the reported consensus price target is $106.92—close to the recently quoted share price. This signals caution alongside the more bullish individual forecasts. TD Cowen rating Consensus price target

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global prestige beauty company that develops, markets and sells skincare, makeup, fragrance and hair-care products. Its portfolio includes brands such as Estée Lauder, Clinique, M·A·C, La Mer, Jo Malone London, Aveda, Bobbi Brown Cosmetics, Tom Ford Beauty, Le Labo and The Ordinary.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.