Estee Lauder Companies, Inc. (The)’s (EL) “Overweight” Rating Reaffirmed at Barclays PLC

Barclays PLC reiterated their overweight rating on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a report released on Tuesday morning. They currently have a $88.00 target price on the stock, down from their previous target price of $93.00.

Several other research firms have also recently issued reports on EL. Zacks Investment Research cut shares of Estee Lauder Companies, Inc. (The) from a hold rating to a sell rating in a research note on Tuesday, December 13th. B. Riley reaffirmed a neutral rating and set a $92.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Monday, November 7th. reaffirmed a buy rating and set a $110.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday, September 16th. Vetr raised shares of Estee Lauder Companies, Inc. (The) from a buy rating to a strong-buy rating and set a $99.53 price target on the stock in a research note on Monday, September 12th. Finally, Piper Jaffray Companies cut shares of Estee Lauder Companies, Inc. (The) from an overweight rating to a neutral rating and set a $90.00 price target on the stock. in a research note on Thursday, October 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) presently has an average rating of Hold and a consensus target price of $96.51.

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

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded up 0.97% on Tuesday, hitting $78.10. 1,944,161 shares of the company were exchanged. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $97.48. The company has a 50-day moving average price of $77.85 and a 200 day moving average price of $86.00. The firm has a market cap of $28.62 billion, a P/E ratio of 26.66 and a beta of 0.85.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. Estee Lauder Companies, Inc. (The) had a net margin of 9.73% and a return on equity of 32.90%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts predict that Estee Lauder Companies, Inc. will post $3.43 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, November 28th. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.30. Estee Lauder Companies, Inc. (The)’s payout ratio is currently 46.26%.

In other Estee Lauder Companies, Inc. (The) news, EVP Gregory Polcer sold 3,533 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $82.34, for a total value of $290,907.22. Following the completion of the transaction, the executive vice president now owns 71,309 shares of the company’s stock, valued at $5,871,583.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael O’hare sold 4,492 shares of Estee Lauder Companies, Inc. (The) stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $76.32, for a total transaction of $342,829.44. The disclosure for this sale can be found here. 16.98% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of EL. Mycio Wealth Partners LLC boosted its stake in Estee Lauder Companies, Inc. (The) by 42.8% in the second quarter. Mycio Wealth Partners LLC now owns 1,144 shares of the company’s stock worth $104,000 after buying an additional 343 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Estee Lauder Companies, Inc. (The) during the third quarter worth about $110,000. Creative Planning boosted its stake in Estee Lauder Companies, Inc. (The) by 151.1% in the second quarter. Creative Planning now owns 1,273 shares of the company’s stock worth $116,000 after buying an additional 766 shares during the last quarter. Bessemer Group Inc. boosted its stake in Estee Lauder Companies, Inc. (The) by 71.8% in the second quarter. Bessemer Group Inc. now owns 1,347 shares of the company’s stock worth $123,000 after buying an additional 563 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Estee Lauder Companies, Inc. (The) by 1.1% in the third quarter. Advisory Services Network LLC now owns 1,385 shares of the company’s stock worth $123,000 after buying an additional 15 shares during the last quarter. Institutional investors own 53.96% of the company’s stock.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc, is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.

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