Estée Lauder Companies (NYSE:EL) Given New $75.00 Price Target at Deutsche Bank Aktiengesellschaft

Estée Lauder Companies (NYSE:EL) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $98.00 to $75.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Barclays dropped their price objective on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Royal Bank of Canada cut their target price on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Friday. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.90.

Estée Lauder Companies Trading Down 1.2 %

Shares of NYSE EL traded down $0.79 during midday trading on Monday, reaching $65.66. 960,102 shares of the stock were exchanged, compared to its average volume of 3,366,015. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. Estée Lauder Companies has a 12 month low of $63.36 and a 12 month high of $159.75. The business has a 50-day simple moving average of $89.53 and a two-hundred day simple moving average of $105.43. The company has a market capitalization of $23.55 billion, a price-to-earnings ratio of 118.66, a P/E/G ratio of 1.17 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the business earned $0.11 EPS. Estée Lauder Companies’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities research analysts expect that Estée Lauder Companies will post 2.95 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.13%. Estée Lauder Companies’s payout ratio is currently 471.43%.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the sale, the director now directly owns 15,209 shares in the company, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Hedge Funds Weigh In On Estée Lauder Companies

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in shares of Estée Lauder Companies in the 2nd quarter worth about $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies in the 3rd quarter worth approximately $31,000. PARK CIRCLE Co bought a new stake in shares of Estée Lauder Companies in the 2nd quarter worth approximately $32,000. Kimelman & Baird LLC bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at $32,000. Finally, Crewe Advisors LLC purchased a new position in Estée Lauder Companies in the 1st quarter worth $35,000. 55.15% of the stock is currently owned by institutional investors.

About Estée Lauder Companies

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, and powders, as well as compacts, brushes, and other makeup tools.