Estée Lauder Companies (NYSE:EL) Given New $75.00 Price Target at Deutsche Bank Aktiengesellschaft

Estée Lauder Companies (NYSE:EL) had its price target lowered by Deutsche Bank Aktiengesellschaft from $98.00 to $75.00 in a research note released on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other research firms have also issued reports on EL. Stifel Nicolaus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Thursday, October 31st. Barclays reduced their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a report on Thursday, October 31st. Royal Bank of Canada dropped their price objective on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus price target of $100.90.

Estée Lauder Companies Trading Up 4.8 %

Shares of EL stock opened at $66.31 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $88.41 and its two-hundred day moving average is $104.59. The company has a market capitalization of $23.79 billion, a P/E ratio of 118.41, a price-to-earnings-growth ratio of 2.36 and a beta of 1.05. Estée Lauder Companies has a twelve month low of $62.88 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business’s revenue for the quarter 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. Equities analysts forecast that Estée Lauder Companies will post 2 EPS for the current year.

Estée Lauder Companies Cuts Dividend

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

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were 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 directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the transaction, the director now directly owns 15,209 shares in the company, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,296 shares of company stock worth $1,423,366. Company insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Crewe Advisors LLC bought a new position in shares of Estée Lauder Companies in the 1st quarter worth $35,000. Chilton Capital Management LLC boosted its holdings in shares of Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after acquiring an additional 163 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Estée Lauder Companies by 3,262.5% in the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Estée Lauder Companies in the second quarter worth approximately $30,000. Finally, PARK CIRCLE Co purchased a new position in Estée Lauder Companies during the second quarter valued at approximately $32,000. 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.