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2024.04.19 08:30
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The Estée Lauder Companies Inc. (NYSE:EL) Receives Average Rating of "Hold" from Analysts

Estée Lauder Companies Inc. has received an average rating of "Hold" from analysts covering the stock. Fifteen analysts recommend holding the stock, nine recommend buying, and one recommends a strong buy. The average 1-year price target is $168.00. The company's recent earnings report showed better-than-expected results, with a net margin of 3.08% and a return on equity of 9.78%. The stock has a 1-year low of $102.22 and a high of $260.46.

The Estée Lauder Companies Inc. (NYSE:EL - Get Free Report) has been given an average recommendation of "Hold" by the twenty-five brokerages that are currently covering the stock, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $168.00.

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EL has been the subject of a number of recent analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Estée Lauder Companies in a research report on Monday. Deutsche Bank Aktiengesellschaft cut shares of Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $146.00 price objective for the company. in a report on Tuesday, January 2nd. Citigroup upgraded shares of Estée Lauder Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. StockNews.com cut shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Wednesday, February 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They issued a "neutral" rating and a $145.00 price objective for the company.

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Read Our Latest Stock Report on EL

Institutional Trading of Estée Lauder Companies

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Several institutional investors have recently modified their holdings of the stock. State of Michigan Retirement System raised its position in Estée Lauder Companies by 0.3% in the 1st quarter. State of Michigan Retirement System now owns 63,838 shares of the company's stock valued at $9,841,000 after purchasing an additional 200 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Estée Lauder Companies by 11.9% in the 1st quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company's stock valued at $131,000 after purchasing an additional 90 shares during the last quarter. Iams Wealth Management LLC purchased a new stake in Estée Lauder Companies in the 1st quarter valued at $215,000. Allspring Global Investments Holdings LLC raised its position in Estée Lauder Companies by 1,094.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 146,648 shares of the company's stock valued at $22,606,000 after purchasing an additional 134,371 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Estée Lauder Companies by 79.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,166,003 shares of the company's stock valued at $179,739,000 after purchasing an additional 515,849 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Shares of EL opened at $144.81 on Friday. Estée Lauder Companies has a 1-year low of $102.22 and a 1-year high of $260.46. The stock has a market cap of $51.91 billion, a PE ratio of 111.39, a P/E/G ratio of 3.57 and a beta of 1.07. The firm has a 50-day simple moving average of $146.56 and a two-hundred day simple moving average of $138.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96.

  • Is Estée Lauder on the Verge Of a Massive Comeback?

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.19 billion. During the same period last year, the business earned $1.54 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, analysts forecast that Estée Lauder Companies will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.82%. Estée Lauder Companies's dividend payout ratio is presently 203.08%.

About Estée Lauder Companies

(Get Free Report

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.

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