Ralph Lauren (NYSE:RL) Sets New 12-Month High – Time to Buy?

Ralph Lauren Corporation (NYSE:RLGet Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $393.42 and last traded at $392.6060, with a volume of 470843 shares traded. The stock had previously closed at $372.85.

Wall Street Analyst Weigh In

RL has been the topic of a number of analyst reports. BTIG Research reissued a “buy” rating and issued a $450.00 price target on shares of Ralph Lauren in a research report on Friday, May 22nd. Wells Fargo & Company raised their price objective on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price objective for the company from $360.00 to $400.00 in a research report on Tuesday, March 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Ralph Lauren in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $428.29.

Check Out Our Latest Stock Analysis on Ralph Lauren

Ralph Lauren Stock Performance

The company has a market capitalization of $23.28 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35. The business’s fifty day moving average is $360.83 and its two-hundred day moving average is $358.91. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the business earned $2.27 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts predict that Ralph Lauren Corporation will post 18.29 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, June 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is presently 26.47%.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds have recently added to or reduced their stakes in the company. Blueline Advisors LLC purchased a new position in Ralph Lauren in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC purchased a new position in Ralph Lauren in the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in Ralph Lauren in the 2nd quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new stake in Ralph Lauren during the 4th quarter valued at $29,000. Finally, Rothschild Investment LLC raised its stake in Ralph Lauren by 61.3% during the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

About Ralph Lauren

(Get Free Report)

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.

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