Estée Lauder Companies’ (EL) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Estée Lauder Companies (NYSE:EL) in a report released on Thursday, Marketbeat.com reports. Telsey Advisory Group currently has a $105.00 price target on the stock.

Several other research firms have also recently issued reports on EL. Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $80.00 in a report on Thursday. Evercore ISI dropped their price target on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group reduced their target price on shares of Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Thursday. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $103.52.

Estée Lauder Companies Trading Down 3.4 %

Shares of NYSE:EL opened at $66.58 on Thursday. The business’s 50 day moving average price is $90.09 and its 200-day moving average price is $105.98. Estée Lauder Companies has a 1 year low of $63.36 and a 1 year high of $159.75. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 118.89, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.01.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the firm posted $0.11 earnings per share. The company’s revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. Estée Lauder Companies’s payout ratio is currently 471.43%.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at $4,578,114. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Armistice Capital LLC boosted its holdings in Estée Lauder Companies by 111.8% in the second quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after purchasing an additional 96,239 shares during the period. BNP Paribas purchased a new position in shares of Estée Lauder Companies in the 1st quarter valued at about $997,000. Marshall Wace LLP grew its position in shares of Estée Lauder Companies by 3,065.6% during the second quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after buying an additional 1,920,439 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter worth approximately $6,043,000. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of Estée Lauder Companies during the second quarter worth approximately $558,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.