JPMorgan Chase & Co. set a $154.00 price target on Estee Lauder Companies (NYSE:EL) in a research note released on Tuesday, August 21st, The Fly reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently commented on EL. Piper Jaffray Companies set a $156.00 price objective on shares of Estee Lauder Companies and gave the company an overweight rating in a research note on Tuesday, August 21st. UBS Group started coverage on shares of Estee Lauder Companies in a research note on Thursday, July 19th. They set a neutral rating and a $144.00 price target on the stock. Morgan Stanley cut shares of Estee Lauder Companies from an overweight rating to an equal weight rating and set a $153.00 price target on the stock. in a research note on Monday, June 25th. Citigroup decreased their target price on shares of Estee Lauder Companies from $158.00 to $149.00 and set a neutral rating on the stock in a research report on Tuesday, August 21st. Finally, Wells Fargo & Co reissued a buy rating and issued a $168.00 target price on shares of Estee Lauder Companies in a research report on Monday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $146.34.

EL traded up $0.80 during trading hours on Tuesday, hitting $140.93. 1,516,032 shares of the company’s stock were exchanged, compared to its average volume of 2,620,194. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. Estee Lauder Companies has a 12-month low of $106.00 and a 12-month high of $158.80. The company has a market cap of $51.31 billion, a P/E ratio of 31.25, a PEG ratio of 2.15 and a beta of 0.63.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 20th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.25 billion. Estee Lauder Companies had a net margin of 8.10% and a return on equity of 36.09%. Estee Lauder Companies’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. research analysts forecast that Estee Lauder Companies will post 4.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.08%. Estee Lauder Companies’s payout ratio is presently 33.70%.

In related news, Director Jane Lauder sold 36,334 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $133.23, for a total value of $4,840,778.82. Following the completion of the sale, the director now owns 45,037 shares of the company’s stock, valued at approximately $6,000,279.51. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael O’hare sold 5,671 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $138.22, for a total value of $783,845.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,756 shares of company stock worth $14,739,082. Corporate insiders own 16.24% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. acquired a new position in shares of Estee Lauder Companies during the second quarter worth approximately $106,000. Amussen Hunsaker Associates LLC acquired a new position in shares of Estee Lauder Companies during the second quarter worth approximately $112,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Estee Lauder Companies by 400.6% during the second quarter. Itau Unibanco Holding S.A. now owns 796 shares of the company’s stock worth $114,000 after buying an additional 637 shares during the last quarter. Fort L.P. acquired a new position in shares of Estee Lauder Companies during the second quarter worth approximately $116,000. Finally, Massey Quick Simon & CO. LLC acquired a new position in shares of Estee Lauder Companies during the second quarter worth approximately $144,000. 56.37% of the stock is owned by hedge funds and other institutional investors.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

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Analyst Recommendations for Estee Lauder Companies (NYSE:EL)

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