Hsbc Global Res Lowers Estée Lauder Companies (NYSE:EL) to Hold

Hsbc Global Res lowered shares of Estée Lauder Companies (NYSE:EL) from a strong-buy rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

Several other research analysts have also recently issued reports on EL. UBS Group dropped their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Wells Fargo & Company reduced their price objective on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 target price on shares of Estée Lauder Companies in a research report on Monday, August 19th. Sixteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.36.

Estée Lauder Companies Trading Down 0.6 %

Shares of Estée Lauder Companies stock opened at $90.84 on Wednesday. The business has a fifty day simple moving average of $91.68 and a 200-day simple moving average of $111.21. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 51.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. Estée Lauder Companies has a fifty-two week low of $82.39 and a fifty-two 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.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, equities analysts forecast that Estée Lauder Companies will post 2.97 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.66 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.91%. Estée Lauder Companies’s payout ratio is 148.31%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the firm’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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total value of $364,142.90. Following the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors have recently modified their holdings of the company. Marshall Wace LLP boosted its holdings in shares of Estée Lauder Companies by 3,065.6% during the 2nd 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 during the period. Jennison Associates LLC bought a new stake in Estée Lauder Companies during the first quarter valued at about $291,171,000. Vanguard Group Inc. grew its position in shares of Estée Lauder Companies by 6.4% in the first quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after purchasing an additional 1,066,320 shares during the period. Finally, Swedbank AB acquired a new position in shares of Estée Lauder Companies during the 1st quarter worth about $82,664,000. Institutional investors 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.