Shares of Ralph Lauren Corporation (NYSE:RL – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $449.00.
RL has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Telsey Advisory Group lifted their price target on shares of Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Needham & Company LLC boosted their price objective on shares of Ralph Lauren from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Finally, Barclays lifted their target price on shares of Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research note on Friday, August 7th.
Check Out Our Latest Stock Report on Ralph Lauren
Institutional Inflows and Outflows
Ralph Lauren Price Performance
RL stock opened at $366.03 on Thursday. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.36 and a beta of 1.34. The firm’s 50-day moving average price is $362.24 and its two-hundred day moving average price is $368.35. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. Ralph Lauren has a 12-month low of $306.55 and a 12-month high of $421.60.
Ralph Lauren (NYSE:RL – Get Free Report) last posted its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, topping 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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $3.77 earnings per share. Ralph Lauren’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts predict that Ralph Lauren will post 18.79 earnings per share for the current year.
Ralph Lauren Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $1.00 dividend. The ex-dividend date is Friday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is 25.20%.
About Ralph Lauren
Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.
The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.
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