Ralph Lauren Corporation (NYSE:RL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ralph Lauren Corporation (NYSE:RL) have earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $349.6250.

RL has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday. Evercore ISI increased their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. TD Cowen boosted their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, Barclays increased their target price on Ralph Lauren from $352.00 to $358.00 and gave the company an “overweight” rating in a report on Friday, November 7th.

Institutional Trading of Ralph Lauren

Several institutional investors and hedge funds have recently made changes to their positions in the business. Orion Porfolio Solutions LLC grew its holdings in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Ralph Lauren by 55.7% during the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after acquiring an additional 414,275 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Ralph Lauren during the third quarter worth $86,719,000. Invesco Ltd. raised its stake in Ralph Lauren by 22.3% in the 1st quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after acquiring an additional 275,391 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Ralph Lauren in the third quarter valued at approximately $74,841,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Down 0.3%

Shares of NYSE RL opened at $357.10 on Friday. The business has a 50-day simple moving average of $331.76 and a two-hundred day simple moving average of $304.02. The company has a market cap of $21.65 billion, a P/E ratio of 26.39, a P/E/G ratio of 1.73 and a beta of 1.52. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $374.00. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 earnings per share. Research analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio is currently 26.98%.

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.