Estee Lauder Companies (NYSE:EL) Price Target Raised to $125.00

Estee Lauder Companies (NYSE:EL) had its price target lifted by Piper Sandler from $115.00 to $125.00 in a report released on Friday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

EL has been the subject of a number of other research reports. Morgan Stanley lifted their target price on shares of Estee Lauder Companies from $102.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. TD Cowen upped their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. China Intl Cap upgraded Estee Lauder Companies to a “strong-buy” rating in a report on Sunday, August 30th. JPMorgan Chase & Co. increased their price target on Estee Lauder Companies from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Finally, Zacks Research lowered Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.71.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $108.70 on Friday. The business’s 50 day simple moving average is $98.80 and its 200 day simple moving average is $88.19. Estee Lauder Companies has a one year low of $66.22 and a one year high of $121.64. The stock has a market capitalization of $39.33 billion, a PE ratio of 221.83, a PEG ratio of 1.25 and a beta of 1.27. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.22 and a quick ratio of 0.90.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. During the same quarter last year, the business earned $0.09 EPS. The company’s 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, research analysts forecast that Estee Lauder Companies will post 3.32 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 31st. Estee Lauder Companies’s payout ratio is presently 285.71%.

Insiders Place Their Bets

In other news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the transaction, the vice president owned 14,357 shares in the company, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,775 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,036,954.22. The trade was a 6.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 75,105 shares of company stock worth $7,423,185. 11.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in Estee Lauder Companies by 950.9% during the 1st quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after acquiring an additional 12,526,471 shares during the period. Ninety One UK Ltd bought a new position in shares of Estee Lauder Companies in the third quarter worth $134,551,000. KBC Group NV boosted 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 acquiring an additional 637,641 shares during the period. Amundi grew its position in shares of Estee Lauder Companies by 33.8% in the first quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after purchasing an additional 482,185 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Estee Lauder Companies by 1,629.2% in the second quarter. Assenagon Asset Management S.A. now owns 412,570 shares of the company’s stock valued at $32,572,000 after purchasing an additional 388,711 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

About Estee Lauder Companies

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

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a multinational beauty business. Its products are sold through department and specialty stores, beauty retailers, brand-operated stores, e-commerce platforms, salons, spas and other distribution channels.

The Estée Lauder Companies serves consumers in markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.