The Goldman Sachs Group Has Lowered Expectations for Estée Lauder Companies (NYSE:EL) Stock Price

Estée Lauder Companies (NYSE:EL) had its price target reduced by The Goldman Sachs Group from $100.00 to $75.00 in a report published on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the stock. Morgan Stanley dropped their price objective on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $140.00 to $100.00 in a report on Friday, August 16th. Barclays decreased their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday, August 20th. Finally, UBS Group lowered their price objective on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $100.90.

Estée Lauder Companies Stock Performance

EL stock opened at $66.45 on Friday. Estée Lauder Companies has a 1-year low of $63.36 and a 1-year high of $159.75. The company has a current ratio of 1.32, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. The firm has a market cap of $23.84 billion, a PE ratio of 118.66, a P/E/G ratio of 1.21 and a beta of 1.05. The business’s 50-day moving average price is $89.53 and its two-hundred day moving average price is $105.43.

Estée Lauder Companies (NYSE:EL) last issued 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 return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the firm earned $0.11 EPS. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, research analysts forecast that Estée Lauder Companies will post 2.95 earnings per share for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. Estée Lauder Companies’s dividend payout ratio (DPR) is 471.43%.

Insider Activity

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

Institutional Investors Weigh In On Estée Lauder Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the second quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $31,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the 2nd quarter worth approximately $32,000. Finally, Crewe Advisors LLC bought a new position in Estée Lauder Companies in the first quarter valued at approximately $35,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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.