Estee Lauder Companies (EL) Given New $147.00 Price Target at Morgan Stanley
Estee Lauder Companies (NYSE:EL) had its price target boosted by Morgan Stanley from $139.00 to $147.00 in a report released on Monday morning. The brokerage currently has an overweight rating on the stock.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Estee Lauder Companies to $140.00 and gave the company a market perform rating in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed an outperform rating and issued a $145.00 price target (down previously from $155.00) on shares of Estee Lauder Companies in a research report on Monday. Sanford C. Bernstein reiterated an outperform rating and issued a $144.00 price objective (up previously from $134.00) on shares of Estee Lauder Companies in a research note on Monday. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a research note on Wednesday, December 13th. They issued a hold rating and a $134.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on shares of Estee Lauder Companies from $114.00 to $121.00 and gave the company a buy rating in a research note on Thursday, October 19th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $126.96.
Estee Lauder Companies (EL) opened at $134.71 on Monday. Estee Lauder Companies has a 1 year low of $81.69 and a 1 year high of $138.74. The firm has a market cap of $49,454.09, a PE ratio of 46.77, a P/E/G ratio of 2.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.52 annualized dividend and a dividend yield of 1.13%. Estee Lauder Companies’s payout ratio is currently 52.78%.
In other news, insider 1992 Grat Remainder Trust Fbo sold 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $125.87, for a total transaction of $15,733,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Demsey sold 11,179 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $136.54, for a total transaction of $1,526,380.66. Following the sale, the insider now owns 23,898 shares of the company’s stock, valued at approximately $3,263,032.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,381,341 shares of company stock valued at $173,874,552. 16.24% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Jennison Associates LLC grew its stake in Estee Lauder Companies by 54.7% in the 4th quarter. Jennison Associates LLC now owns 9,533,553 shares of the company’s stock valued at $1,213,049,000 after buying an additional 3,372,279 shares in the last quarter. Wells Fargo & Company MN grew its stake in Estee Lauder Companies by 9.1% in the 3rd quarter. Wells Fargo & Company MN now owns 2,436,548 shares of the company’s stock valued at $262,758,000 after buying an additional 202,331 shares in the last quarter. Acadian Asset Management LLC grew its stake in Estee Lauder Companies by 31.9% in the 4th quarter. Acadian Asset Management LLC now owns 1,880,660 shares of the company’s stock valued at $239,297,000 after buying an additional 454,532 shares in the last quarter. APG Asset Management N.V. grew its stake in Estee Lauder Companies by 30.2% in the 4th quarter. APG Asset Management N.V. now owns 1,431,145 shares of the company’s stock valued at $151,648,000 after buying an additional 331,600 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Estee Lauder Companies by 3.9% in the 3rd quarter. Legal & General Group Plc now owns 1,135,208 shares of the company’s stock valued at $122,418,000 after buying an additional 43,050 shares in the last quarter. Institutional investors own 54.40% of the company’s stock.
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About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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