Estee Lauder Companies (NYSE:EL) Given New $95.00 Price Target at Wells Fargo & Company

Estee Lauder Companies (NYSE:EL) had its target price lowered by Wells Fargo & Company from $104.00 to $95.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently weighed in on EL. The Goldman Sachs Group lifted their price target on shares of Estee Lauder Companies from $100.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Citigroup raised their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $111.00 target price on shares of Estee Lauder Companies in a research report on Monday, August 17th. UBS Group boosted their price target on Estee Lauder Companies from $86.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Finally, Jefferies Financial Group upped their price target on Estee Lauder Companies from $88.00 to $100.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.76.

Estee Lauder Companies Stock Up 1.5%

EL stock opened at $93.35 on Monday. Estee Lauder Companies has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The business’s 50-day moving average is $94.41 and its two-hundred day moving average is $85.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The company has a market cap of $33.77 billion, a price-to-earnings ratio of 190.51, a P/E/G ratio of 1.07 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, analysts forecast that Estee Lauder Companies will post 3.31 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 1.5%. Estee Lauder Companies’s dividend payout ratio is currently 285.71%.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,775 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $98.82, for a total value of $373,045.50. Following the completion of the transaction, the director owned 50,971 shares of the company’s stock, valued at $5,036,954.22. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg sold 58,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $98.17, for a total value of $5,693,860.00. Following the completion of the transaction, the director directly owned 417,300 shares of the company’s stock, valued at approximately $40,966,341. This trade represents a 12.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 75,105 shares of company stock worth $7,423,185. Corporate insiders own 13.05% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Estee Lauder Companies by 950.9% in the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock worth $993,567,000 after purchasing an additional 12,526,471 shares during the period. J. Stern & Co. LLP raised its position in shares of Estee Lauder Companies by 4,281.3% during the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock valued at $4,094,761,000 after buying an additional 4,001,300 shares during the last quarter. Fullerton Fund Management Co Ltd. purchased a new position in shares of Estee Lauder Companies in the fourth quarter worth $84,060,000. KBC Group NV lifted its holdings in shares of Estee Lauder Companies by 910.3% in the first quarter. KBC Group NV now owns 707,692 shares of the company’s stock worth $50,792,000 after buying an additional 637,641 shares in the last quarter. Finally, Amundi boosted its position in shares of Estee Lauder Companies by 33.8% during the first quarter. Amundi now owns 1,909,911 shares of the company’s stock worth $137,074,000 after acquiring an additional 482,185 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies Company Profile

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

The company’s products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.