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

Ralph Lauren Co. (NYSE:RL) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $277.29.

RL has been the subject of several recent research reports. The Goldman Sachs Group set a $262.00 target price on shares of Ralph Lauren in a research note on Tuesday, April 22nd. UBS Group increased their price objective on Ralph Lauren from $300.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. TD Cowen raised their price objective on Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barclays set a $260.00 target price on Ralph Lauren and gave the stock an “overweight” rating in a research report on Monday, April 28th. Finally, Cfra Research raised Ralph Lauren from a “moderate sell” rating to a “hold” rating in a report on Monday, April 14th.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $274.65 on Monday. Ralph Lauren has a 52 week low of $155.96 and a 52 week high of $289.33. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a market cap of $16.96 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. The company’s 50-day moving average price is $222.67 and its two-hundred day moving average price is $233.41.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 annualized dividend and a yield of 1.20%. Ralph Lauren’s dividend payout ratio is presently 30.11%.

Institutional Investors Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock valued at $245,468,000 after acquiring an additional 414,275 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Ralph Lauren by 30.6% during the 4th quarter. Invesco Ltd. now owns 1,237,512 shares of the textile maker’s stock valued at $285,841,000 after purchasing an additional 289,924 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Ralph Lauren by 24,164.5% in the 1st quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker’s stock valued at $56,132,000 after purchasing an additional 253,244 shares during the last quarter. FMR LLC lifted its stake in shares of Ralph Lauren by 16.9% in the 4th quarter. FMR LLC now owns 1,415,473 shares of the textile maker’s stock valued at $326,946,000 after purchasing an additional 205,121 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Ralph Lauren in the first quarter worth $37,517,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

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.