A number of other analysts have also recently weighed in on RL. Guggenheim restated a hold rating on shares of Ralph Lauren in a report on Tuesday. Bank of America raised their price target on shares of Ralph Lauren from $113.00 to $117.00 and gave the company a sell rating in a report on Wednesday, August 1st. Credit Suisse Group raised their price target on shares of Ralph Lauren from $153.00 to $156.00 and gave the company an outperform rating in a report on Wednesday, August 1st. Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the company a hold rating in a report on Tuesday. Finally, Zacks Investment Research cut shares of Ralph Lauren from a buy rating to a hold rating in a report on Tuesday, July 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Ralph Lauren has a consensus rating of Hold and a consensus target price of $137.38.
Ralph Lauren stock traded down $8.28 during midday trading on Wednesday, hitting $123.93. 2,079,444 shares of the company’s stock were exchanged, compared to its average volume of 1,612,637. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 1.70. Ralph Lauren has a 12 month low of $85.91 and a 12 month high of $147.79. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.97 and a beta of 0.68.
Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, November 6th. The textile maker reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.10. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.19%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the business earned $1.99 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts expect that Ralph Lauren will post 6.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.46%.
Hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in Ralph Lauren in the 2nd quarter worth approximately $150,000. Financial Architects Inc boosted its stake in Ralph Lauren by 498.6% in the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock worth $158,000 after purchasing an additional 1,042 shares in the last quarter. Visionary Asset Management Inc. acquired a new stake in Ralph Lauren in the 2nd quarter worth approximately $203,000. Cadence Capital Management LLC acquired a new stake in Ralph Lauren in the 2nd quarter worth approximately $203,000. Finally, Lourd Capital LLC acquired a new stake in Ralph Lauren in the 3rd quarter worth approximately $205,000. Institutional investors own 69.95% of the company’s stock.
Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.
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