Ralph Lauren Corporation (NYSE:RL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Global Investments grew its position in shares of Ralph Lauren by 2.0% during the 1st quarter. Summit Global Investments now owns 1,510 shares of the textile maker’s stock valued at $519,000 after acquiring an additional 29 shares during the period. Parkside Financial Bank & Trust boosted its position in Ralph Lauren by 27.0% during the second quarter. Parkside Financial Bank & Trust now owns 179 shares of the textile maker’s stock worth $72,000 after purchasing an additional 38 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in Ralph Lauren by 4.0% in the first quarter. Meeder Advisory Services Inc. now owns 1,062 shares of the textile maker’s stock valued at $365,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC grew its holdings in Ralph Lauren by 2.1% in the fourth quarter. Truvestments Capital LLC now owns 2,010 shares of the textile maker’s stock valued at $711,000 after purchasing an additional 42 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of Ralph Lauren by 1.2% during the 2nd quarter. Avior Wealth Management LLC now owns 3,535 shares of the textile maker’s stock valued at $1,419,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

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

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Ralph Lauren (NYSE:RL)

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.