Ralph Lauren Co. (NYSE:RL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ralph Lauren Co. (NYSE:RL) have received an average rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $223.90.

A number of analysts have recently commented on RL shares. Barclays boosted their target price on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price objective on shares of Ralph Lauren in a report on Thursday, November 7th. Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Guggenheim upped their target price on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th.

Institutional Trading of Ralph Lauren

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp increased its position in shares of Ralph Lauren by 3.4% during the third quarter. M&T Bank Corp now owns 1,657 shares of the textile maker’s stock worth $321,000 after acquiring an additional 55 shares during the period. Simmons Bank boosted its stake in shares of Ralph Lauren by 2.3% during the third quarter. Simmons Bank now owns 2,703 shares of the textile maker’s stock valued at $524,000 after purchasing an additional 62 shares in the last quarter. Commerce Bank increased its holdings in shares of Ralph Lauren by 1.2% in the 3rd quarter. Commerce Bank now owns 5,687 shares of the textile maker’s stock valued at $1,103,000 after acquiring an additional 66 shares during the period. GAMMA Investing LLC grew its stake in Ralph Lauren by 11.3% in the third quarter. GAMMA Investing LLC now owns 672 shares of the textile maker’s stock valued at $130,000 after purchasing an additional 68 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in shares of Ralph Lauren by 6.2% during the second quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after buying an additional 72 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $212.15 on Monday. The business’s 50-day moving average price is $199.91 and its 200-day moving average price is $182.44. The firm has a market capitalization of $13.17 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. Ralph Lauren has a 12 month low of $122.88 and a 12 month high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 EPS. Sell-side analysts forecast that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.56%. Ralph Lauren’s payout ratio is currently 31.46%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.