Shares of Estee Lauder Companies Inc (NYSE:EL) have been given an average rating of “Buy” by the twenty-three analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $170.82.

A number of brokerages recently issued reports on EL. Royal Bank of Canada lowered Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $173.00 to $178.00 in a report on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co boosted their price target on Estee Lauder Companies from $142.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. BMO Capital Markets boosted their price target on Estee Lauder Companies from $155.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Citigroup boosted their price target on Estee Lauder Companies from $188.00 to $197.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, UBS Group boosted their price target on Estee Lauder Companies from $153.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd.

In other Estee Lauder Companies news, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $166.21, for a total transaction of $465,388,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Forester sold 10,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $172.48, for a total value of $1,724,800.00. Following the sale, the director now owns 14,000 shares of the company’s stock, valued at approximately $2,414,720. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,064,268 shares of company stock valued at $509,731,259. 16.13% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of EL. FMR LLC increased its position in shares of Estee Lauder Companies by 10.9% during the first quarter. FMR LLC now owns 17,499,760 shares of the company’s stock worth $2,897,086,000 after purchasing an additional 1,724,423 shares in the last quarter. Vanguard Group Inc increased its position in shares of Estee Lauder Companies by 0.7% during the third quarter. Vanguard Group Inc now owns 16,758,108 shares of the company’s stock worth $2,435,289,000 after purchasing an additional 117,152 shares in the last quarter. Jennison Associates LLC increased its position in shares of Estee Lauder Companies by 6.2% during the first quarter. Jennison Associates LLC now owns 7,412,572 shares of the company’s stock worth $1,227,151,000 after purchasing an additional 435,327 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Estee Lauder Companies by 6,015.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares in the last quarter. Finally, Fundsmith LLP increased its position in shares of Estee Lauder Companies by 5.6% during the first quarter. Fundsmith LLP now owns 6,631,703 shares of the company’s stock worth $1,097,878,000 after purchasing an additional 349,306 shares in the last quarter. Institutional investors own 54.19% of the company’s stock.

Shares of EL traded down $0.09 during mid-day trading on Monday, reaching $176.79. 24,213 shares of the company’s stock traded hands, compared to its average volume of 1,278,262. The stock has a market capitalization of $64.01 billion, a PE ratio of 39.25, a P/E/G ratio of 2.62 and a beta of 0.74. The firm’s 50-day moving average is $169.30. Estee Lauder Companies has a 12 month low of $121.47 and a 12 month high of $180.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69.

Estee Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Estee Lauder Companies had a return on equity of 43.52% and a net margin of 12.45%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, equities research analysts forecast that Estee Lauder Companies will post 5.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.97%. Estee Lauder Companies’s dividend payout ratio is currently 38.14%.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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