Estee Lauder Companies Inc (EL) Cut to Hold at Societe Generale
Estee Lauder Companies Inc (NYSE:EL) was downgraded by research analysts at Societe Generale from a “buy” rating to a “hold” rating in a research report issued on Monday, May 15th, StockTargetPrices.com reports. They currently have a $93.00 price target on the stock, up from their prior price target of $90.00. Societe Generale’s price target suggests a potential downside of 0.75% from the company’s current price.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Estee Lauder Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Vetr raised Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $87.69 price target for the company in a research note on Thursday, March 2nd. Wells Fargo & Co reissued a “buy” rating on shares of Estee Lauder Companies in a research note on Saturday, April 22nd. Deutsche Bank AG decreased their target price on Estee Lauder Companies from $102.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. Finally, JPMorgan Chase & Co. assumed coverage on Estee Lauder Companies in a research report on Tuesday, March 21st. They set an “overweight” rating and a $100.00 target price for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.75.
Shares of Estee Lauder Companies (NYSE:EL) traded up 0.48% during trading on Monday, hitting $93.70. The company had a trading volume of 852,849 shares. The company has a market capitalization of $34.47 billion, a P/E ratio of 31.40 and a beta of 0.86. The stock’s 50-day moving average price is $89.42 and its 200 day moving average price is $83.14. Estee Lauder Companies has a 52 week low of $75.30 and a 52 week high of $95.38.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.18. Estee Lauder Companies had a return on equity of 32.36% and a net margin of 9.50%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the company earned $0.73 EPS. Estee Lauder Companies’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Estee Lauder Companies will post $3.40 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.36 dividend on an annualized basis and a yield of 1.45%. Estee Lauder Companies’s payout ratio is 46.90%.
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In related news, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $92.31, for a total value of $1,538,530.77. Following the completion of the transaction, the insider now owns 83,638 shares of the company’s stock, valued at approximately $7,720,623.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 2,383 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $92.98, for a total value of $221,571.34. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $371,920. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 930,000 shares of company stock valued at $60,800 and sold 63,364 shares valued at $5,746,193. Corporate insiders own 16.98% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Boston Common Asset Management LLC boosted its position in shares of Estee Lauder Companies by 1.7% in the third quarter. Boston Common Asset Management LLC now owns 54,225 shares of the company’s stock worth $4,802,000 after buying an additional 895 shares during the last quarter. Decatur Capital Management Inc. boosted its position in shares of Estee Lauder Companies by 2.8% in the third quarter. Decatur Capital Management Inc. now owns 156,925 shares of the company’s stock worth $13,897,000 after buying an additional 4,300 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of Estee Lauder Companies by 1.5% in the third quarter. OLD National Bancorp IN now owns 21,236 shares of the company’s stock worth $1,881,000 after buying an additional 316 shares during the last quarter. USS Investment Management Ltd boosted its position in shares of Estee Lauder Companies by 163.1% in the third quarter. USS Investment Management Ltd now owns 1,290,500 shares of the company’s stock worth $114,280,000 after buying an additional 800,000 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its position in shares of Estee Lauder Companies by 10.2% in the third quarter. Sit Investment Associates Inc. now owns 74,585 shares of the company’s stock worth $6,605,000 after buying an additional 6,900 shares during the last quarter. 55.53% of the stock is owned by institutional investors.
About Estee Lauder Companies
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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