Analysts Set Ralph Lauren Corporation (NYSE:RL) PT at $375.29

Shares of Ralph Lauren Corporation (NYSE:RL) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $375.3529.

Several research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd. Wells Fargo & Company increased their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $435.00 price target on shares of Ralph Lauren in a research report on Friday. Jefferies Financial Group assumed coverage on shares of Ralph Lauren in a report on Wednesday, January 14th. They issued a “buy” rating and a $425.00 price objective for the company. Finally, Zacks Research cut shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th.

Ralph Lauren Stock Down 0.4%

Ralph Lauren stock opened at $353.52 on Friday. The firm has a 50 day moving average price of $362.41 and a 200-day moving average price of $328.64. 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 twelve month low of $176.61 and a twelve month high of $380.00. The company has a market capitalization of $21.44 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.58 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. Ralph Lauren’s revenue was up 16.5% on a year-over-year basis. As a group, equities analysts predict that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid 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, December 26th. Ralph Lauren’s payout ratio is presently 26.98%.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Broad Peak Investment Advisers Pte Ltd purchased a new position in shares of Ralph Lauren in the second quarter valued at about $6,308,000. JPMorgan Chase & Co. grew its stake in shares of Ralph Lauren by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 1,007,745 shares of the textile maker’s stock worth $276,407,000 after purchasing an additional 117,494 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Ralph Lauren by 18.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 32,362 shares of the textile maker’s stock valued at $10,147,000 after purchasing an additional 5,075 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Ralph Lauren by 159.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,113 shares of the textile maker’s stock valued at $3,171,000 after purchasing an additional 6,213 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Ralph Lauren during the 2nd quarter valued at approximately $3,902,000. 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.