Ralph Lauren Corporation (NYSE:RL) Receives $388.19 Average PT from Analysts

Shares of Ralph Lauren Corporation (NYSE:RL) have been assigned an average rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $388.1875.

Several brokerages have recently commented on RL. Barclays set a $416.00 target price on Ralph Lauren and gave the stock an “overweight” rating in a report on Friday, February 6th. Telsey Advisory Group restated an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research report on Thursday, February 5th. Argus lifted their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Jefferies Financial Group decreased their target price on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd.

Insider Transactions at Ralph Lauren

In other Ralph Lauren news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the transaction, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 38.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC raised its holdings in Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock valued at $264,225,000 after buying an additional 952,681 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at about $86,719,000. Invesco Ltd. grew its position in shares of Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after buying an additional 275,263 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Ralph Lauren by 40.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock valued at $316,487,000 after purchasing an additional 255,511 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after purchasing an additional 245,242 shares in the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL stock opened at $385.06 on Wednesday. Ralph Lauren has a 12 month low of $176.61 and a 12 month high of $389.15. The company has a market capitalization of $23.31 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.47 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $362.12 and a two-hundred day moving average of $335.64.

Ralph Lauren (NYSE:RL) last issued its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.42. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business earned $4.82 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.9125 per share. The ex-dividend date was Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 0.9%. Ralph Lauren’s dividend payout ratio (DPR) is presently 24.85%.

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.