Estée Lauder Companies (NYSE:EL) PT Lowered to $289.00 at Deutsche Bank Aktiengesellschaft

Estée Lauder Companies (NYSE:EL – Get Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $334.00 to $289.00 in a research note published on Wednesday, The Fly reports.

Several other equities analysts have also weighed in on EL. Stifel Nicolaus decreased their target price on shares of Estée Lauder Companies from $355.00 to $335.00 and set a buy rating on the stock in a report on Tuesday, April 5th. Piper Sandler decreased their price objective on shares of Estée Lauder Companies from $380.00 to $350.00 and set an overweight rating on the stock in a report on Tuesday, April 19th. Oppenheimer decreased their price objective on shares of Estée Lauder Companies from $350.00 to $300.00 and set an outperform rating on the stock in a report on Wednesday, March 16th. Barclays cut their target price on shares of Estée Lauder Companies from $360.00 to $342.00 and set an overweight rating on the stock in a research note on Monday, February 7th. Finally, Wells Fargo & Company cut their target price on shares of Estée Lauder Companies from $410.00 to $355.00 and set an overweight rating on the stock in a research note on Friday, February 4th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of Buy and an average target price of $352.10.

EL stock opened at $264.06 on Wednesday. The stock has a market capitalization of $94.71 billion, a P/E ratio of 29.84, a P/E/G ratio of 3.14 and a beta of 1.08. The firm has a 50-day simple moving average of $273.94 and a 200-day simple moving average of $313.34. The company has a quick ratio of 1.27, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. Estée Lauder Companies has a 52 week low of $248.42 and a 52 week high of $374.20.

Estée Lauder Companies (NYSE:EL – Get Rating) last released its earnings results on Thursday, February 3rd. The company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.38. The business had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.49 billion. Estée Lauder Companies had a net margin of 18.35% and a return on equity of 44.71%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.61 earnings per share. On average, analysts expect that Estée Lauder Companies will post 7.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, February 25th. Estée Lauder Companies’s dividend payout ratio (DPR) is 27.12%.

In related news, EVP Carl P. Haney sold 1,152 shares of the stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $307.94, for a total transaction of $354,746.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Demsey sold 10,027 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $319.68, for a total transaction of $3,205,431.36. The disclosure for this sale can be found here. Insiders sold a total of 50,816 shares of company stock worth $15,940,998 over the last ninety days. Insiders own 13.95% of the company’s stock.

Large investors have recently modified their holdings of the stock. Dixon Hubard Feinour & Brown Inc. VA boosted its stake in Estée Lauder Companies by 2.3% during the 4th quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 32,617 shares of the company’s stock worth $12,075,000 after purchasing an additional 730 shares during the period. Jupiter Asset Management Ltd. boosted its stake in Estée Lauder Companies by 75.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 24,081 shares of the company’s stock worth $7,220,000 after purchasing an additional 10,317 shares during the period. Stock Yards Bank & Trust Co. lifted its stake in shares of Estée Lauder Companies by 5.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 11,579 shares of the company’s stock worth $4,287,000 after acquiring an additional 650 shares during the period. ProShare Advisors LLC lifted its stake in shares of Estée Lauder Companies by 31.6% in the 4th quarter. ProShare Advisors LLC now owns 45,445 shares of the company’s stock worth $16,824,000 after acquiring an additional 10,920 shares during the period. Finally, Park National Corp OH lifted its stake in shares of Estée Lauder Companies by 14.6% in the 4th quarter. Park National Corp OH now owns 32,844 shares of the company’s stock worth $12,159,000 after acquiring an additional 4,179 shares during the period. Hedge funds and other institutional investors own 56.54% of the company’s stock.

About Estée Lauder Companies (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company 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.

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