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

Ralph Lauren Corporation (NYSE:RL) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $357.4375.

Several equities research analysts recently issued reports on RL shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Wednesday, December 17th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. JPMorgan Chase & Co. boosted their target price on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Ralph Lauren in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Ralph Lauren from $385.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, December 12th.

Ralph Lauren Trading Down 0.4%

Shares of Ralph Lauren stock opened at $356.71 on Tuesday. The stock has a market cap of $21.63 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.75 and a beta of 1.52. 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 has a 12-month low of $176.61 and a 12-month high of $380.00. The business’s 50 day moving average is $346.64 and its 200-day moving average is $314.96.

Ralph Lauren (NYSE:RL) last posted its quarterly 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. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $2.54 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a dividend of $0.9125 per share. The ex-dividend date is Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s dividend payout ratio (DPR) is 26.98%.

Institutional Trading of Ralph Lauren

Several institutional investors have recently added to or reduced their stakes in RL. Hudson Bay Capital Management LP bought a new position in Ralph Lauren during the 3rd quarter worth $221,000. Allworth Financial LP grew its stake in shares of Ralph Lauren by 24.4% in the third quarter. Allworth Financial LP now owns 301 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 59 shares in the last quarter. Swiss Life Asset Management Ltd increased its position in Ralph Lauren by 72.0% during the third quarter. Swiss Life Asset Management Ltd now owns 1,777 shares of the textile maker’s stock worth $557,000 after acquiring an additional 744 shares during the period. Groupama Asset Managment bought a new position in Ralph Lauren during the third quarter worth about $488,000. Finally, CIBC Private Wealth Group LLC raised its stake in Ralph Lauren by 10.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 540 shares of the textile maker’s stock worth $169,000 after purchasing an additional 52 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.