Estée Lauder Companies (NYSE:EL) Price Target Lowered to $81.00 at Morgan Stanley

Estée Lauder Companies (NYSE:EL) had its price target trimmed by Morgan Stanley from $85.00 to $81.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts also recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a report on Tuesday. UBS Group boosted their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. B. Riley cut their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Hsbc Global Res lowered shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Trading Down 2.4 %

Shares of NYSE:EL opened at $64.34 on Thursday. The company has a 50 day moving average of $77.05 and a 200-day moving average of $83.39. The firm has a market cap of $23.10 billion, a P/E ratio of 114.89, a P/E/G ratio of 5.89 and a beta of 1.03. Estée Lauder Companies has a twelve month low of $62.29 and a twelve month high of $159.54. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the business posted $0.88 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that Estée Lauder Companies will post 1.5 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.18%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of Estée Lauder Companies stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 12.78% of the stock is owned by corporate insiders.

Institutional Trading of Estée Lauder Companies

Institutional investors have recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators lifted its holdings in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies in the third quarter valued at about $31,000. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies 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, and powders, as well as compacts, brushes, and other makeup tools.