The Estee Lauder Companies Inc. (NYSE:EL) shares traded 0.38% higher at $193.20 on Wall Street last session.
In accordance with the data, 31 analysts cover The Estee Lauder Companies Inc. (NYSE:EL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $270.00 and a low of $201.00, we find $240.00. Given the previous closing price of $192.46, this indicates a potential upside of 24.7 percent. EL stock price is now -2.86% away from the 50-day moving average and -15.67% away from the 200-day moving average. The market capitalization of the company currently stands at $69.61B.
It has been rated a hold by 9 analysts and a buy by 17. Brokers who have rated the stock have averaged $235.55 as their price target over the next twelve months.
With the price target maintained at $243, Berenberg recently Upgraded its rating from Hold to Buy for The Estee Lauder Companies Inc. (NYSE: EL).
In other news, Hertzmark Hudis Jane, Executive Group President sold 9,869 shares of the company’s stock on May 16. The stock was sold for $1,973,297 at an average price of $199.95. Upon completion of the transaction, the Executive Group President now directly owns 11,406 shares in the company, valued at $2.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, Executive Group President Hertzmark Hudis Jane sold 43,311 shares of the business’s stock. A total of $8,752,853 was realized by selling the stock at an average price of $202.09. This leaves the insider owning 21,275 shares of the company worth $4.11 million. Insiders disposed of 262,757 shares of company stock worth roughly $50.76 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EL stock. A new stake in The Estee Lauder Companies Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $1,683,228,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $48,300,000 in shares of EL during the first quarter. In the first quarter, QUINTET PRIVATE BANK (EUROPE) S.A. acquired a new stake in The Estee Lauder Companies Inc. valued at approximately $45,644,000. CHARLES-LIM CAPITAL LTD acquired a new stake in EL for approximately $43,470,000. CASTLE HOOK PARTNERS LP purchased a new stake in EL valued at around $30,431,000 in the second quarter. In total, there are 1,783 active investors with 91.30% ownership of the company’s stock.
The Estee Lauder Companies Inc. (NYSE: EL) opened at $191.93 on Monday. During the past 12 months, The Estee Lauder Companies Inc. has had a low of $175.05 and a high of $284.45. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.50, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $72.98B, which is based on a 63.93 price-to-earnings ratio, a 16.96 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for EL is $197.93 and a two-hundred day moving average price translates $228.86 for the stock.
The latest earnings results from The Estee Lauder Companies Inc. (NYSE: EL) was released for Mar, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.47, missing analysts’ expectations of $0.51 by -0.04. This compares to $1.58 EPS in the same period last year. The net profit margin was 6.90% and return on equity was 19.10% for EL. The company reported revenue of $3.75 billion for the quarter, compared to $4.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.64 percent. For the current quarter, analysts expect EL to generate $3.51B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/31/2023 were paid a $0.66 dividend. On an annualized basis, this represents a $2.64 dividend and a 1.37% percent yield. There was an ex-dividend date of 05/30/2023 for this dividend. In terms of dividend payout ratio, EL is presently at 82.70%.
The Estee Lauder Companies Inc.(EL) Company Profile
The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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. The company also provides fragrance products in various forms comprising eau de parfum sprays and colognes, as well as lotions, powders, creams, candles, and soaps; and hair care products that include shampoos, conditioners, styling products, treatment, finishing sprays, and hair color products, as well as sells ancillary products and services. It offers its products under the Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, Bobbi Brown, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin, Smashbox, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr. Jart+, DECIEM, and The Ordinary brands. The company sells its products through department stores, specialty-multi retailers, upscale perfumeries and pharmacies, and salons and spas; freestanding stores; its own and authorized retailer websites; third-party online malls; stores in airports; and duty-free shops. The Estée Lauder Companies Inc. was founded in 1946 and is headquartered in New York, New York.
