Estee Lauder Companies, Inc. (The) (EL) Earns “Overweight” Rating from KeyCorp

KeyCorp reissued their overweight rating on shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) in a report published on Thursday. KeyCorp currently has a $135.00 price target on the stock, up from their previous price target of $115.00. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently commented on the stock. Telsey Advisory Group lifted their target price on shares of Estee Lauder Companies, Inc. (The) from $125.00 to $135.00 and gave the stock an outperform rating in a research report on Thursday. BMO Capital Markets lifted their target price on shares of Estee Lauder Companies, Inc. (The) from $107.00 to $126.00 and gave the stock a market perform rating in a research report on Thursday. DA Davidson reiterated a hold rating and set a $125.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday. They noted that the move was a valuation call. Piper Jaffray Companies set a $135.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the stock a buy rating in a research note on Wednesday, November 1st. Finally, Royal Bank Of Canada set a $115.00 price target on shares of Estee Lauder Companies, Inc. (The) and gave the stock a buy rating in a research note on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $117.42.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) traded down $0.76 on Thursday, hitting $120.95. 503,703 shares of the company traded hands, compared to its average volume of 2,015,199. The company has a market capitalization of $44,783.80, a P/E ratio of 31.61, a P/E/G ratio of 2.38 and a beta of 0.68. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a 12 month low of $75.29 and a 12 month high of $124.80.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.24. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.16 billion. Estee Lauder Companies, Inc. (The) had a net margin of 11.30% and a return on equity of 33.64%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. equities analysts predict that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.26%. This is an increase from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio is presently 36.76%.

In related news, EVP Michael O’hare sold 42,032 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $105.41, for a total transaction of $4,430,593.12. Following the transaction, the executive vice president now directly owns 17,841 shares in the company, valued at approximately $1,880,619.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barry S. Sternlicht sold 10,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the transaction, the director now owns 40,982 shares in the company, valued at $4,356,386.60. The disclosure for this sale can be found here. Insiders have sold a total of 624,990 shares of company stock worth $67,207,632 over the last quarter. 16.24% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its position in Estee Lauder Companies, Inc. (The) by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after buying an additional 633 shares during the period. Acrospire Investment Management LLC boosted its position in Estee Lauder Companies, Inc. (The) by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at about $147,000. Sun Life Financial INC boosted its position in Estee Lauder Companies, Inc. (The) by 16,290.0% in the 2nd quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock valued at $157,000 after buying an additional 1,629 shares during the period. Finally, Bessemer Group Inc. boosted its position in Estee Lauder Companies, Inc. (The) by 4.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock valued at $179,000 after buying an additional 86 shares during the period. 54.99% of the stock is owned by institutional investors.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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