Estée Lauder Companies (NYSE:EL) Price Target Lowered to $75.00 at The Goldman Sachs Group

Estée Lauder Companies (NYSE:EL) had its price target trimmed by The Goldman Sachs Group from $100.00 to $75.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently commented on EL. Barclays decreased their price target on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Morgan Stanley lowered their price target on shares of Estée Lauder Companies from $140.00 to $100.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Piper Sandler increased their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Wells Fargo & Company downgraded Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $105.00 to $72.00 in a research note on Thursday. Finally, UBS Group cut their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $104.18.

Estée Lauder Companies Price Performance

NYSE:EL traded down $2.36 during midday trading on Friday, hitting $66.58. 11,486,375 shares of the stock were exchanged, compared to its average volume of 3,365,223. The business has a 50-day moving average price of $90.09 and a two-hundred day moving average price of $106.42. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 118.89, a P/E/G ratio of 1.53 and a beta of 1.01. Estée Lauder Companies has a one year low of $63.36 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Sell-side analysts predict that Estée Lauder Companies will post 2.95 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction dated 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 approximately $4,578,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.78% of the company’s stock.

Institutional Trading of Estée Lauder Companies

Large investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new position in shares of Estée Lauder Companies in the 2nd quarter worth approximately $30,000. PARK CIRCLE Co acquired a new position in Estée Lauder Companies during the 2nd quarter valued at about $32,000. Kimelman & Baird LLC acquired a new position in Estée Lauder Companies during the 2nd quarter valued at about $32,000. Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies during the 1st quarter worth approximately $35,000. Finally, Larson Financial Group LLC grew its position in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the period. 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.