Ralph Lauren (NYSE:RL) Earns Buy Rating from Analysts at BTIG Research

BTIG Research assumed coverage on shares of Ralph Lauren (NYSE:RLFree Report) in a report issued on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $400.00 price objective on the textile maker’s stock.

Several other equities analysts have also recently weighed in on RL. Needham & Company LLC lifted their price objective on Ralph Lauren from $335.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 12th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. UBS Group lifted their price objective on Ralph Lauren from $385.00 to $404.00 and gave the company a “buy” rating in a report on Friday, August 8th. Jefferies Financial Group lifted their price objective on Ralph Lauren from $325.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, September 17th. Finally, Barclays lowered their price objective on shares of Ralph Lauren from $353.00 to $352.00 and set an “overweight” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.94.

Read Our Latest Stock Report on RL

Ralph Lauren Trading Up 1.4%

Ralph Lauren stock opened at $322.94 on Tuesday. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $330.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84. The stock has a market capitalization of $19.56 billion, a P/E ratio of 25.79, a PEG ratio of 1.59 and a beta of 1.61. The stock has a 50-day simple moving average of $307.12 and a 200 day simple moving average of $275.67.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.27. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $2.70 earnings per share. Analysts expect that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s payout ratio is currently 29.15%.

Institutional Trading of Ralph Lauren

Several institutional investors have recently modified their holdings of the business. Burney Co. grew its stake in shares of Ralph Lauren by 196.1% in the third quarter. Burney Co. now owns 45,173 shares of the textile maker’s stock worth $14,164,000 after purchasing an additional 29,916 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Ralph Lauren by 11.7% in the third quarter. Blue Trust Inc. now owns 581 shares of the textile maker’s stock worth $182,000 after purchasing an additional 61 shares during the last quarter. World Investment Advisors bought a new stake in shares of Ralph Lauren in the third quarter worth $267,000. Brookstone Capital Management bought a new stake in shares of Ralph Lauren in the third quarter worth $604,000. Finally, Symmetry Partners LLC bought a new stake in Ralph Lauren during the third quarter valued at $230,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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