Canaccord Genuity Group Issues Pessimistic Forecast for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price target decreased by Canaccord Genuity Group from $76.00 to $70.00 in a report published on Wednesday,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Other analysts also recently issued reports about the company. UBS Group lifted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Stifel Nicolaus downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. TD Cowen decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Stock Up 1.3 %

NYSE:EL opened at $65.09 on Wednesday. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.54. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 116.23, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03. The stock has a fifty day simple moving average of $76.86 and a 200-day simple moving average of $83.26. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts anticipate that Estée Lauder Companies will post 1.5 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.15%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 250.00%.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul J. Fribourg purchased 75,500 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the acquisition, the director now owns 310,000 shares in the company, valued at $20,128,300. This trade represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 196,700 shares of company stock worth $12,762,093 over the last 90 days. 12.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its position in Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after purchasing an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Van ECK Associates Corp boosted its position in Estée Lauder Companies by 23.6% in the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after purchasing an additional 954,493 shares in the last quarter. Geode Capital Management LLC boosted its position in Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after purchasing an additional 70,307 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Estée Lauder Companies by 81.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after purchasing an additional 1,330,840 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Company Profile

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.