In yesterday’s Wall Street session, The Estee Lauder Companies Inc. (NYSE:EL) shares traded at $156.69, down -3.31% from the previous session.
27 analysts cover The Estee Lauder Companies Inc. (NYSE:EL), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $250.00 and a low of $150.00, we find $207.00. Given the previous closing price of $162.06, this indicates a potential upside of 27.73 percent. EL stock price is now -14.69% away from the 50-day moving average and -29.83% away from the 200-day moving average. The market capitalization of the company currently stands at $57.92B.
The stock has received a hold rating from 10 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $207.21 as their price target over the next twelve months.
With the price target reduced from $240 to $195, Citigroup Downgraded its rating from Buy to Neutral 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 $1.79 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 $3.33 million. Insiders disposed of 328,524 shares of company stock worth roughly $51.48 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 HARDING LOEVNER LP during the first quarter worth $124,277,000. KBC GROUP NV invested $88,933,000 in shares of EL during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in The Estee Lauder Companies Inc. valued at approximately $34,741,000. ARTEMIS INVESTMENT MANAGEMENT LLP acquired a new stake in EL for approximately $16,502,000. OSHER VAN DE VOORDE INVESTMENT MANAGEMENT purchased a new stake in EL valued at around $11,537,000 in the second quarter. In total, there are 1,804 active investors with 91.30% ownership of the company’s stock.
On Friday morning The Estee Lauder Companies Inc. (NYSE: EL) stock kicked off with the opening price of $152.00. During the past 12 months, The Estee Lauder Companies Inc. has had a low of $161.28 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. The fifty day moving average price for EL is $183.19 and a two-hundred day moving average price translates $223.08 for the stock.
The latest earnings results from The Estee Lauder Companies Inc. (NYSE: EL) was released for Jun, 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 9.40% and return on equity was 26.10% 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 $3.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 08/31/2023 were paid a $0.66 dividend. On an annualized basis, this represents a $2.64 dividend and a 1.68% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, EL is presently at 59.00%.
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 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. 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, Clinique, Origins, M·A·C, Bobbi Brown Cosmetics, La Mer, Aveda, Jo Malone London, TOM FORD, Too Faced, Dr.Jart+, 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 locations. The Estée Lauder Companies Inc. was founded in 1946 and is headquartered in New York, New York.
