DA Davidson assumed coverage on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a report issued on Wednesday, Marketbeat reports. The brokerage issued a neutral rating and a $115.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Bank of America Corporation raised their price objective on Estee Lauder Companies, Inc. (The) from $100.00 to $105.00 and gave the company a buy rating in a report on Monday, July 10th. Stifel Nicolaus set a $108.00 price objective on Estee Lauder Companies, Inc. (The) and gave the company a buy rating in a report on Thursday, July 6th. Jefferies Group LLC reissued a buy rating and set a $110.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, July 6th. Zacks Investment Research raised Estee Lauder Companies, Inc. (The) from a hold rating to a buy rating and set a $107.00 price objective on the stock in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a buy rating and set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $110.48.

Estee Lauder Companies, Inc. (NYSE:EL) opened at 107.84 on Wednesday. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 32.19 and a beta of 0.67. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99. The stock’s 50 day moving average price is $104.85 and its 200 day moving average price is $94.82.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings data on Friday, August 18th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.08. Estee Lauder Companies, Inc. (The) had a return on equity of 32.38% and a net margin of 10.56%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the business posted $0.43 EPS. Estee Lauder Companies, Inc. (The)’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Estee Lauder Companies, Inc. will post $3.97 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, August 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 40.60%.

In related news, insider Fabrizio Freda sold 15,880 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the sale, the insider now directly owns 74,188 shares of the company’s stock, valued at approximately $7,053,795.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael O’hare sold 2,619 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $108.56, for a total value of $284,318.64. Following the completion of the sale, the executive vice president now directly owns 5,929 shares of the company’s stock, valued at $643,652.24. The disclosure for this sale can be found here. Insiders sold a total of 571,521 shares of company stock valued at $60,365,505 over the last ninety days. 16.98% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. American Beacon Advisors Inc. bought a new stake in Estee Lauder Companies, Inc. (The) in the 1st quarter valued at about $100,000. Israel Discount Bank of New York bought a new stake in Estee Lauder Companies, Inc. (The) in the 1st quarter valued at about $110,000. Acrospire Investment Management LLC increased its position in Estee Lauder Companies, Inc. (The) by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares in the last quarter. First Interstate Bank bought a new stake in Estee Lauder Companies, Inc. (The) in the 1st quarter valued at about $114,000. Finally, Shine Investment Advisory Services Inc. bought a new stake in Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at about $147,000. 54.58% of the stock is owned by institutional investors and hedge funds.

About Estee Lauder Companies, Inc. (The)

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.

Analyst Recommendations for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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