Estee Lauder Companies (EL) Price Target Increased to $152.00 by Analysts at Bank of America

Estee Lauder Companies (NYSE:EL) had its target price boosted by Bank of America from $143.00 to $152.00 in a report released on Monday morning. Bank of America currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on EL. KeyCorp set a $115.00 price objective on Estee Lauder Companies and gave the stock a buy rating in a research report on Monday, October 16th. Stifel Nicolaus increased their price objective on Estee Lauder Companies from $114.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, October 19th. Royal Bank of Canada set a $115.00 price objective on Estee Lauder Companies and gave the stock a buy rating in a research report on Monday, October 23rd. Telsey Advisory Group raised their price target on Estee Lauder Companies from $120.00 to $125.00 and gave the stock an outperform rating in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies and gave the stock a buy rating in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Estee Lauder Companies presently has a consensus rating of Buy and an average price target of $128.57.

Estee Lauder Companies (NYSE:EL) opened at $131.46 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $48,410.00, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 2.44 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 data on Friday, February 2nd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. Estee Lauder Companies had a return on equity of 34.86% and a net margin of 8.43%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.22 EPS. sell-side analysts forecast that Estee Lauder Companies will post 4.36 earnings per share for the current fiscal year.

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

In other Estee Lauder Companies news, insider John Demsey sold 11,179 shares of Estee Lauder Companies stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $136.54, for a total value of $1,526,380.66. Following the transaction, the insider now owns 23,898 shares in the company, valued at $3,263,032.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael O’hare sold 26,203 shares of Estee Lauder Companies stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $133.40, for a total value of $3,495,480.20. Following the completion of the transaction, the executive vice president now owns 7,583 shares in the company, valued at approximately $1,011,572.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,381,341 shares of company stock worth $173,874,552. Company insiders own 16.24% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its position in Estee Lauder Companies by 126.1% in the third quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after acquiring an additional 633 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Estee Lauder Companies in the fourth quarter valued at about $126,000. Cerebellum GP LLC bought a new position in Estee Lauder Companies in the fourth quarter valued at about $130,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Estee Lauder Companies by 2,750.0% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,140 shares of the company’s stock valued at $145,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Zions Bancorporation boosted its stake in shares of Estee Lauder Companies by 2,781.3% during the third quarter. Zions Bancorporation now owns 1,844 shares of the company’s stock valued at $198,000 after purchasing an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.

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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.

Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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