The Estée Lauder Companies (NYSE:EL) Price Target Increased to $335.00 by Analysts at Stifel Nicolaus


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The Estée Lauder Companies (NYSE:EL) had its price objective boosted by Stifel Nicolaus from $290.00 to $335.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on EL. Royal Bank of Canada boosted their price objective on shares of The Estée Lauder Companies from $271.00 to $314.00 and gave the company an outperform rating in a research note on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft boosted their target price on The Estée Lauder Companies from $316.00 to $337.00 and gave the stock a buy rating in a report on Tuesday, April 27th. JPMorgan Chase & Co. boosted their price objective on shares of The Estée Lauder Companies from $299.00 to $336.00 and gave the stock an overweight rating in a research note on Thursday, April 22nd. Argus raised their target price on shares of The Estée Lauder Companies from $320.00 to $340.00 and gave the company a buy rating in a research note on Tuesday, April 13th. Finally, Credit Suisse Group upped their price target on shares of The Estée Lauder Companies from $254.00 to $305.00 and gave the stock an outperform rating in a research report on Monday, February 8th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $297.78.

Shares of NYSE:EL opened at $288.93 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.39 and a current ratio of 1.85. The business’s fifty day moving average price is $299.85 and its two-hundred day moving average price is $267.20. The stock has a market cap of $104.81 billion, a PE ratio of 176.18, a price-to-earnings-growth ratio of 3.76 and a beta of 0.87. The Estée Lauder Companies has a one year low of $158.25 and a one year high of $318.34.

The Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, May 3rd. The company reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.30. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.90 billion. The Estée Lauder Companies had a return on equity of 32.72% and a net margin of 4.38%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. As a group, equities research analysts predict that The Estée Lauder Companies will post 5.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Friday, May 28th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 0.73%. The Estée Lauder Companies’s payout ratio is currently 51.46%.

In related news, CFO Tracey Thomas Travis sold 22,924 shares of the firm’s stock in a transaction that occurred on Friday, April 9th. The shares were sold at an average price of $300.01, for a total transaction of $6,877,429.24. Following the transaction, the chief financial officer now owns 54,263 shares in the company, valued at $16,279,442.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Irvine O. Hockaday, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $295.55, for a total value of $886,650.00. Insiders have sold 2,149,073 shares of company stock valued at $608,055,929 over the last ninety days. Corporate insiders own 13.95% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC grew its stake in shares of The Estée Lauder Companies by 3.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,130 shares of the company’s stock worth $329,000 after purchasing an additional 35 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of The Estée Lauder Companies by 28.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 163 shares of the company’s stock valued at $43,000 after buying an additional 36 shares in the last quarter. Evolution Wealth Advisors LLC lifted its stake in The Estée Lauder Companies by 51.4% in the 1st quarter. Evolution Wealth Advisors LLC now owns 106 shares of the company’s stock worth $31,000 after acquiring an additional 36 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its position in The Estée Lauder Companies by 0.7% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 6,007 shares of the company’s stock worth $1,903,000 after acquiring an additional 40 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of The Estée Lauder Companies by 2.0% in the 4th quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,099 shares of the company’s stock valued at $559,000 after purchasing an additional 41 shares during the period. 54.98% of the stock is currently owned by hedge funds and other institutional investors.

About The Estée 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, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

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Analyst Recommendations for The Estée Lauder Companies (NYSE:EL)

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