DA Davidson Reiterates Buy Rating for Estée Lauder Companies (NYSE:EL)

DA Davidson reaffirmed their buy rating on shares of Estée Lauder Companies (NYSE:EL) in a report released on Tuesday, Benzinga reports. The firm currently has a $130.00 price target on the stock.

Several other brokerages have also recently weighed in on EL. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $140.00 to $100.00 in a research report on Friday, August 16th. The Goldman Sachs Group reduced their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Evercore ISI dropped their price objective on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, August 20th. Finally, Piper Sandler upped their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and an average target price of $104.18.

Estée Lauder Companies Stock Down 3.4 %

EL opened at $66.58 on Tuesday. The business’s fifty day simple moving average is $90.09 and its 200 day simple moving average is $106.42. Estée Lauder Companies has a 52 week low of $63.36 and a 52 week high of $159.75. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The stock has a market cap of $23.88 billion, a PE ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. As a group, research analysts expect that Estée Lauder Companies will post 2.95 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.10%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 250.00%.

Insider Transactions at Estée Lauder Companies

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Armistice Capital LLC lifted its stake in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company’s stock valued at $19,398,000 after buying an additional 96,239 shares in the last quarter. BNP Paribas purchased a new position in Estée Lauder Companies in the 1st quarter worth approximately $997,000. Marshall Wace LLP boosted its stake in Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after purchasing an additional 1,920,439 shares during the period. Headlands Technologies LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter valued at approximately $6,043,000. Finally, Transcend Capital Advisors LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter valued at approximately $558,000. 55.15% of the stock is currently owned by institutional investors.

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.