Estee Lauder Companies (EL) Given New $131.00 Price Target at DA Davidson

Estee Lauder Companies (NYSE:EL) had its target price boosted by DA Davidson to $131.00 in a report issued on Tuesday, The Fly reports. They currently have a neutral rating on the stock. DA Davidson also issued estimates for Estee Lauder Companies’ Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $4.32 EPS, Q1 2019 earnings at $1.32 EPS, Q2 2019 earnings at $1.72 EPS, Q3 2019 earnings at $1.21 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $4.88 EPS.

Other research analysts have also issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Estee Lauder Companies to $140.00 and gave the stock a market perform rating in a research report on Wednesday, January 31st. Sanford C. Bernstein restated an outperform rating and issued a $144.00 price target (up previously from $134.00) on shares of Estee Lauder Companies in a research report on Monday. Deutsche Bank assumed coverage on shares of Estee Lauder Companies in a research report on Wednesday, December 13th. They issued a hold rating and a $134.00 price target on the stock. Royal Bank of Canada reaffirmed an outperform rating and issued a $145.00 price objective (down previously from $155.00) on shares of Estee Lauder Companies in a research note on Monday. Finally, Bank of America raised their price objective on shares of Estee Lauder Companies from $143.00 to $152.00 and gave the stock a buy rating in a research note on Monday. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $128.57.

Estee Lauder Companies (NYSE:EL) opened at $131.22 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.33. The stock has a market cap of $48,410.00, a P/E ratio of 45.65, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. Estee Lauder Companies has a 12-month low of $81.69 and a 12-month high of $138.74.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 34.86%. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 earnings per share. equities analysts forecast that Estee Lauder Companies will post 4.36 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 52.78%.

In other Estee Lauder Companies news, EVP Michael O’hare sold 26,203 shares of Estee Lauder Companies stock in a transaction on Monday, February 5th. The shares were sold at an average price of $133.40, for a total transaction of $3,495,480.20. Following the completion of the sale, the executive vice president now owns 7,583 shares of the company’s stock, valued at approximately $1,011,572.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider 1992 Grat Remainder Trust Fbo sold 570,000 shares of Estee Lauder Companies stock in a transaction on Monday, November 20th. The shares were sold at an average price of $125.53, for a total transaction of $71,552,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,381,341 shares of company stock valued at $173,874,552 in the last three months. Company insiders own 16.24% of the company’s stock.

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Estee Lauder Companies by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 476,100 shares of the company’s stock valued at $45,696,000 after purchasing an additional 14,932 shares during the last quarter. AHL Partners LLP lifted its stake in shares of Estee Lauder Companies by 174.6% in the 2nd quarter. AHL Partners LLP now owns 9,092 shares of the company’s stock valued at $872,000 after purchasing an additional 5,781 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Estee Lauder Companies by 151.1% in the 2nd quarter. Macquarie Group Ltd. now owns 50,942 shares of the company’s stock valued at $4,889,000 after purchasing an additional 30,657 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Estee Lauder Companies in the 2nd quarter valued at $205,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Estee Lauder Companies by 73.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,616 shares of the company’s stock valued at $443,000 after purchasing an additional 1,954 shares during the last quarter. 54.40% of the stock is owned by institutional investors.

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Estee Lauder Companies Company Profile

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.

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