Estée Lauder Companies (NYSE:EL) Given New $131.00 Price Target at Canaccord Genuity Group

Estée Lauder Companies (NYSE:EL) had its price target lowered by Canaccord Genuity Group from $140.00 to $131.00 in a research report sent to investors on Thursday, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

EL has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on Estée Lauder Companies from $169.00 to $145.00 and set an overweight rating on the stock in a research note on Thursday. DA Davidson reissued a buy rating and issued a $191.00 price objective on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Bank of America raised Estée Lauder Companies from a neutral rating to a buy rating and raised their target price for the company from $160.00 to $170.00 in a research report on Thursday, March 28th. Wells Fargo & Company lifted their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th. Finally, Oppenheimer restated a market perform rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of Hold and an average price target of $160.92.

Estée Lauder Companies Stock Down 1.5 %

EL traded down $2.00 during trading on Thursday, hitting $132.94. 3,791,987 shares of the company’s stock were exchanged, compared to its average volume of 2,776,756. The stock has a market cap of $47.66 billion, a P/E ratio of 74.69, a PEG ratio of 3.56 and a beta of 1.07. The business’s 50 day moving average is $145.88 and its two-hundred day moving average is $138.18. Estée Lauder Companies has a fifty-two week low of $102.22 and a fifty-two week high of $209.64. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Estée Lauder Companies will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio is 148.31%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. bought a new stake in Estée Lauder Companies during the fourth quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in shares of Estée Lauder Companies during the 1st quarter valued at $26,000. Hexagon Capital Partners LLC grew its position in Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Estée Lauder Companies by 1,900.0% in the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.