Estee Lauder Companies Inc (EL) Announces Quarterly Dividend of $0.20
Estee Lauder Companies (NYSE:EL) declared a quarterly dividend on Friday, August 15th, Analyst Ratings Network reports. Investors of record on Friday, August 29th will be given a dividend of 0.20 per share on Monday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%.
A number of analysts have recently weighed in on EL shares. Analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $80.00 to $85.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. On a related note, analysts at Argus initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 17th. They set a “buy” rating and a $88.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Estee Lauder Companies in a research note on Wednesday, July 9th. They now have a $84.00 price target on the stock, up previously from $82.00. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $83.17.
Estee Lauder Companies (NYSE:EL) opened at 75.90 on Friday. Estee Lauder Companies has a 52 week low of $63.63 and a 52 week high of $77.34. The stock’s 50-day moving average is $74.80 and its 200-day moving average is $72.12. The company has a market cap of $29.054 billion and a P/E ratio of 28.59.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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