NEW YORK (TheStreet) -- Shares of Estee Lauder Cos. (EL) are gaining, up 1.23% to $74.35 in early market trading, after the company had coverage initiated by analysts at Raymond James Financial with an "outperform" rating and a price target of $80 on shares.
The personal products company recently declared a quarterly dividend scheduled for Monday, December 15 of 24 cents a share, up from 20 cents a share in the previous quarter. This represents a 96 cent dividend on an annualized basis and a yield of 1.31%.
New York City-based Estee Lauder is a manufacturer and marketer of skin care, makeup, fragrance and hair care products, with its items selling in over 150 countries under brands including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda.
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Separately, TheStreet Ratings team rates LAUDER (ESTEE) COS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAUDER (ESTEE) COS INC (EL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."