Estée Lauder Companies (NYSE:EL) is rated a Buy by DA Davidson

DA Davidson reiterated their buy rating on shares of Estée Lauder Companies (NYSE:EL – Free Report) in a report published Monday, Benzinga reports. The company currently has a $191.00 price target on the stock.

Other equities research analysts have also issued reports on the stock recently. StockNews.com downgraded shares of Estée Lauder Companies from a hold rating to a sell rating in a research note on Wednesday, February 14th. The Goldman Sachs Group issued coverage on shares of Estée Lauder Companies in a research note on Friday, March 1. They set a neutral rating and a $145.00 price target for the stock. Royal Bank of Canada raised their target price on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a sector performance rating in a research note on Tuesday, February 6. Citigroup upgraded shares of Estée Lauder Companies from a neutral rating to a buy rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2. Finally, Telsey Advisory Group raised their target price on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the stock a market performance rating in a report on Tuesday, February 6. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of Hold and a consensus target price of $168.00.

Check out our latest stock analysis of Estée Lauder companies

Estée Lauder companies rise 2.1%

EL stock opened at $147.42 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The company’s 50-day simple moving average is $146.61 and its 200-day simple moving average is $138.07. Estée Lauder Companies has a 52-week low of $102.22 and a 52-week high of $255.80. The company has a market cap of $52.85 billion, a price-to-earnings ratio of 113.40, a price-to-earnings-growth ratio of 3.78, and a beta of 1.07.

Estée Lauder Companies (NYSE:EL – Get Free Report) last announced its quarterly results on Monday, February 5. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the company posted earnings per share of $1.54. Estée Lauder Companies’ revenues fell 7.4% compared to the same quarter last year. As a group, sell-side analysts expect Estée Lauder Companies to post 2.23 earnings per share for the current year.

Estée Lauder Companies dividend announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15. Investors of record received a dividend of $0.66 per share on Thursday, February 29. The ex-dividend date of this dividend was Wednesday, February 28. This represents a dividend of $2.64 annually and a yield of 1.79%. Estée Lauder Companies’ dividend payout ratio currently stands at 203.08%.

Institutional inflow and outflow

A number of hedge funds and other institutional investors have recently changed their holdings of EL. CWM LLC increased its position in shares of Estée Lauder Companies by 60.3% in the third quarter. CWM LLC now owns 4,013 shares of the company’s stock worth $580,000 after purchasing an additional 1,509 shares during the period. IFP Advisors Inc increased its position in shares of Estée Lauder Companies by 21.1% in the third quarter. IFP Advisors Inc now owns 785 shares of the company’s stock worth $113,000 after purchasing an additional 137 shares during the period. HB Wealth Management LLC increased its position in shares of Estée Lauder Companies by 68.2% in the third quarter. HB Wealth Management LLC now owns 3,270 shares of the company’s stock worth $473,000 after purchasing an additional 1,326 shares during the period. Douglas Lane & Associates LLC increased its position in shares of Estée Lauder Companies by 10.5% in the third quarter. Douglas Lane & Associates LLC now owns 60,274 shares of the company’s stock worth $8,713,000 after purchasing an additional 5,731 shares during the period. Finally, 1900 Wealth Management LLC acquired a new position in shares of Estée Lauder Companies in the third quarter worth approximately $211,000. Institutional investors and hedge funds own 55.15% of the company’s shares.

Estée Lauder Companies Company Profile

(Get a 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, eye shadows, nail polishes and powders, as well as compacts, brushes and other makeup tools.

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