Estée Lauder Companies (NYSE:EL) Price Target Raised to $191.00

Estée Lauder Companies (NYSE:EL) had its price target increased by DA Davidson from $179.00 to $191.00 in a research report sent to investors on Monday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock. DA Davidson also issued estimates for Estée Lauder Companies’ FY2025 earnings at $4.23 EPS.

EL has been the topic of several other research reports. Raymond James boosted their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a strong-buy rating in a research note on Tuesday, February 6th. Oppenheimer reissued a market perform rating on shares of Estée Lauder Companies in a report on Monday. Royal Bank of Canada lifted their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector perform rating in a research note on Tuesday, February 6th. Bank of America raised shares of Estée Lauder Companies from a neutral rating to a buy rating and increased their price objective for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Finally, Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $168.00.

Estée Lauder Companies Trading Up 0.8 %

Shares of Estée Lauder Companies stock opened at $138.07 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The firm has a market cap of $49.49 billion, a price-to-earnings ratio of 106.21, a price-to-earnings-growth ratio of 3.57 and a beta of 1.07. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $260.46. The company’s 50-day simple moving average is $146.48 and its 200-day simple moving average is $138.03.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same period last year, the firm earned $1.54 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Estée Lauder Companies will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

Institutional Trading of Estée Lauder Companies

A number of institutional investors have recently modified their holdings of EL. Norges Bank purchased a new stake in Estée Lauder Companies during the 4th quarter worth $518,975,000. Lazard Asset Management LLC boosted its position in shares of Estée Lauder Companies by 68.5% in the third quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock worth $537,850,000 after buying an additional 1,512,982 shares during the period. AKO Capital LLP grew its stake in shares of Estée Lauder Companies by 304.8% in the fourth quarter. AKO Capital LLP now owns 1,871,074 shares of the company’s stock valued at $273,645,000 after buying an additional 1,408,897 shares in the last quarter. FMR LLC raised its holdings in shares of Estée Lauder Companies by 35.4% during the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after buying an additional 1,387,271 shares during the period. Finally, Morgan Stanley lifted its position in Estée Lauder Companies by 20.0% during the 4th quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after acquiring an additional 1,167,553 shares in the last quarter. 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.