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

Shares of Ralph Lauren Co. (NYSE:RL) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $189.00.

RL has been the topic of a number of recent analyst reports. Argus reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd. Barclays raised their price objective on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Finally, TD Cowen boosted their price target on Ralph Lauren from $193.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, September 26th.

Institutional Trading of Ralph Lauren

Several institutional investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp lifted its position in shares of Ralph Lauren by 23.0% during the fourth quarter. Cibc World Markets Corp now owns 8,925 shares of the textile maker’s stock valued at $1,287,000 after purchasing an additional 1,666 shares in the last quarter. Personal CFO Solutions LLC bought a new stake in shares of Ralph Lauren in the fourth quarter valued at approximately $573,000. Tabor Asset Management LP lifted its stake in shares of Ralph Lauren by 11.1% during the 4th quarter. Tabor Asset Management LP now owns 35,078 shares of the textile maker’s stock valued at $5,058,000 after buying an additional 3,516 shares in the last quarter. Bridgefront Capital LLC grew its stake in Ralph Lauren by 251.5% in the 4th quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock valued at $1,778,000 after buying an additional 8,822 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Ralph Lauren during the fourth quarter valued at about $587,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Up 2.0 %

Ralph Lauren stock opened at $196.17 on Friday. Ralph Lauren has a 52 week low of $108.60 and a 52 week high of $200.17. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.58 and a beta of 1.49. The company’s 50-day moving average price is $175.27 and its two-hundred day moving average price is $174.30. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.25. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 earnings per share. On average, analysts expect that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.68%. Ralph Lauren’s dividend payout ratio (DPR) is presently 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.