Ralph Lauren Co. (NYSE:RL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ralph Lauren Co. (NYSE:RL) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $228.09.

Several analysts have issued reports on RL shares. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday. TD Cowen upped their target price on shares of Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Cfra set a $171.00 price target on Ralph Lauren in a report on Thursday, October 17th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Raymond James lifted their target price on Ralph Lauren from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently bought and sold shares of RL. Huntington National Bank lifted its stake in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after acquiring an additional 103 shares during the period. True Wealth Design LLC boosted its stake in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd acquired a new position in Ralph Lauren in the third quarter valued at $58,000. Quent Capital LLC grew its holdings in Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock worth $78,000 after acquiring an additional 258 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Ralph Lauren by 333.3% in the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

RL stock opened at $236.13 on Tuesday. The stock has a market cap of $14.66 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The stock has a 50-day moving average price of $224.40 and a two-hundred day moving average price of $195.49. Ralph Lauren has a 1 year low of $134.90 and a 1 year high of $245.92. 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 issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.11. The company 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 business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.10 EPS. Equities analysts forecast that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio is presently 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.