Estée Lauder Companies (NYSE:EL) Price Target Cut to $140.00

Estée Lauder Companies (NYSE:EL) had its target price cut by Barclays from $150.00 to $140.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also commented on EL. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $169.00 to $145.00 and set an overweight rating on the stock in a report on Thursday. Bernstein Bank raised their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday. Canaccord Genuity Group reduced their price objective on shares of Estée Lauder Companies from $140.00 to $131.00 and set a hold rating on the stock in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Estée Lauder Companies from $160.00 to $159.00 in a report on Wednesday. Seventeen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $160.92.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock traded down $2.00 during midday trading on Friday, hitting $132.94. 3,791,987 shares of the company traded hands, compared to its average volume of 2,776,756. The stock has a market cap of $47.66 billion, a price-to-earnings ratio of 74.69, a PEG ratio of 3.56 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.96 and a current ratio of 1.58. The firm’s fifty day moving average price is $145.88 and its 200-day moving average price is $138.18. Estée Lauder Companies has a 12 month low of $102.22 and a 12 month high of $209.64.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Estée Lauder Companies will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.64 annualized dividend and a dividend yield of 1.99%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

Institutional Trading of Estée Lauder Companies

Large investors have recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in Estée Lauder Companies in the first quarter valued at approximately $26,000. Rakuten Securities Inc. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at $26,000. Hexagon Capital Partners LLC increased its stake in Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Larson Financial Group LLC raised its holdings in Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of Estée Lauder Companies by 82.2% in the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after buying an additional 125 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.