Economy

Estee Lauder Companies, Inc. (The) (NYSE:EL) Upgraded at Argus

More interesting news about Estee Lauder Companies Inc (NYSE:EL) were released by: Investorplace.com and their article: "Estee Lauder Companies Inc (EL) Stock Rises on Earnings Report" published on August 18, 2017 as well as Nasdaq.com's news article titled: "The Estee Lauder Companies Inc (EL) President and CEO Fabrizio Freda Sold $31 ..." with publication date: August 23, 2017. The stock has "Buy" rating by Guggenheim on Thursday, August 3. Argus now has $125.00 price objective on the stock.

These funds have also shifted positions in (EL). Park National Corp Oh stated it has 0.05% of its portfolio in Estee Lauder Companies Inc (NYSE:EL). Vetr downgraded Estee Lauder Companies, Inc. (The) from a strong-buy rating to a buy rating and set a $101.50 price objective on the stock.in a research note on Wednesday, May 3rd.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Friday, August 18th.

On August 21 the company was rated "Market Perform" by BMO Capital which is up from the previous "Market Perform" rating. (The) in a research note on Saturday, July 22nd. They set an overweight rating and a $93.00 target price for the company. The firm earned "Buy" rating on Wednesday, May 31 by RBC Capital Markets. Lastly, Jefferies restated a "buy" recommendation and fixed a $112.00 price target (up from $110.00) on stocks of Estee Lauder Companies, (The) in a note on Mon, Aug 21st. July 10 investment analysts at Bank of America left the company rating at "Buy" but moved up the price target to $105.00 from $83.00. (NYSE EL) traded up 0.11% on Tuesday, reaching $108.07. Next Financial Group, Inc claims 610 shares with a value of $59,000,000. Estee Lauder Companies, Inc. The 50 day moving average moved up $6.20 whereas the 200 day moving average was up $14.52 or +15.70%. The company has market cap of $39.44 billion. Intrust Retail Bank Na owns 2,888 shares or 0.08% of their USA portfolio. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Estee Lauder had 66 analyst reports since July 21, 2015 according to SRatingsIntel. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. Oppenheimer Holdings, Inc. reiterated an "outperform" rating and set a $110.00 price objective (up previously from $100.00) on shares of Estee Lauder Companies in a research report on Thursday, August 10th.

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Also, the company announced a periodic dividend, expected to be paid on early Fri, Sep 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.34 per share. Manchester Cap reported 1,468 shares or 0.02% of all its holdings. The ex-dividend date will be on Tuesday August 29th, 2017. (The)'s payout ratio is now 40.60%. Archford Capital Strategies LLC increased its holdings in Estee Lauder Companies, Inc. (The) news, VP Sara E. Moss sold 14,552 shares of the stock in a transaction on Monday, August 7th. This dividend represents a yeild of $1.26 which is the dividend as a percentage of the current share price. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 460,383 stocks of the firms shares were exchanged. The shares were sold on August 24th for an average price of $105.63. Following the transaction, the director now owns 12,576 shares in the company, valued at approximately $1,205,912.64. The disclosure for this sale can be found here.

Company shares last traded at $106.99 just above $100.79, the stock's 50 day moving average and which is impressively higher than the 200 day moving average of $92.47. The insider LAUDER RONALD S FOUNDATION sold 16,667 shares worth $1.54M.

A number of analysts recently commented on EL shares. (The) during the second quarter valued at $186,061,000. Regents of The University of California bought a new stake in Estee Lauder Companies, Inc. (The) by 36.3% in the 1st quarter. That brings Fribourg's holdings to $425,240 as reported to the SEC. Bank of America Corporation boosted their price objective on Estee Lauder Companies, Inc. (The) in the 1st quarter worth about $110,000. Estee Lauder Companies Inc (NYSE:EL) has risen 1.49% since September 6, 2016 and is uptrending. (The) by 2,291.7% in the 2nd quarter. Estee Lauder Companies, has a 1 year low of $75.29 and a 1 year high of $108.60. (The) in the 1st quarter worth about $114,000.

Several hedge funds and other institutional investors have recently made changes to their positions in the company.

The Estee Lauder Companies Inc., launched on December 9, 1976, manufactures and markets skin care, makeup, fragrance and hair care products.



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