Ralph Lauren (RL) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Ralph Lauren (NYSE: RL):

• 10/23/2024 – Ralph Lauren had its price target raised by analysts at Wells Fargo & Company from $195.00 to $205.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Ralph Lauren was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/21/2024 – Ralph Lauren had its price target raised by analysts at The Goldman Sachs Group, Inc. from $171.00 to $193.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – Ralph Lauren was given a new $171.00 price target on by analysts at Cfra.
• 10/11/2024 – Ralph Lauren was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/30/2024 – Ralph Lauren was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/26/2024 – Ralph Lauren had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $207.00 price target on the stock.
• 9/26/2024 – Ralph Lauren had its price target raised by analysts at Wells Fargo & Company from $175.00 to $195.00. They now have an “equal weight” rating on the stock.
• 9/26/2024 – Ralph Lauren had its price target raised by analysts at TD Cowen from $193.00 to $208.00. They now have a “buy” rating on the stock.
• 9/20/2024 – Ralph Lauren had its price target raised by analysts at Telsey Advisory Group from $195.00 to $207.00. They now have an “outperform” rating on the stock.
• 9/6/2024 – Ralph Lauren was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Ralph Lauren Price Performance

RL stock opened at $196.51 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The company’s 50-day moving average is $184.42 and its 200-day moving average is $175.86. The stock has a market capitalization of $12.28 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. Ralph Lauren Co. has a 1 year low of $109.59 and a 1 year high of $207.06.

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

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is currently 33.95%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RL. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ralph Lauren by 110.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,603 shares of the textile maker’s stock worth $708,000 after purchasing an additional 1,890 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Ralph Lauren by 4.5% during the third quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the textile maker’s stock worth $446,000 after buying an additional 100 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Ralph Lauren during the third quarter worth $295,000. Hennion & Walsh Asset Management Inc. lifted its stake in Ralph Lauren by 15.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 3,714 shares of the textile maker’s stock valued at $720,000 after acquiring an additional 493 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Ralph Lauren by 177,157.1% during the 3rd quarter. International Assets Investment Management LLC now owns 12,408 shares of the textile maker’s stock valued at $2,406,000 after acquiring an additional 12,401 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

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.