Ralph Lauren Corporation (RL) – What Are Researchers Thinking About This Stock?

Shares of Ralph Lauren Corporation (NYSE:RL) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $449.07.

Several equities analysts recently commented on RL shares. Evercore reiterated an “outperform” rating and issued a $460.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. Citigroup increased their price objective on Ralph Lauren from $400.00 to $455.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Raymond James Financial restated an “outperform” rating and issued a $425.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Finally, Barclays upped their price target on Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Ralph Lauren Stock Performance

NYSE RL opened at $392.43 on Monday. The company has a market capitalization of $23.38 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. Ralph Lauren has a 52-week low of $306.55 and a 52-week high of $421.60. The company has a 50-day simple moving average of $361.03 and a 200 day simple moving average of $367.03.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $3.77 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, research analysts predict that Ralph Lauren will post 18.88 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, September 25th. Ralph Lauren’s payout ratio is currently 25.20%.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Ralph Lauren in the 2nd quarter worth approximately $3,225,000. Public Employees Retirement System of Ohio bought a new position in Ralph Lauren during the second quarter valued at approximately $11,573,000. Wellington Management Group LLP grew its position in Ralph Lauren by 55.5% during the second quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock valued at $191,261,000 after acquiring an additional 170,091 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Ralph Lauren by 73.1% during the first quarter. Meeder Asset Management Inc. now owns 35,025 shares of the textile maker’s stock worth $12,048,000 after acquiring an additional 14,788 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Ralph Lauren during the second quarter worth approximately $1,512,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.