Ralph Lauren Corporation (NYSE:RL) Receives $428.29 Average Price Target from Brokerages

Ralph Lauren Corporation (NYSE:RLGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $430.0714.

Several equities research analysts have recently commented on RL shares. Wells Fargo & Company lifted their target price on Ralph Lauren from $400.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Citigroup raised Ralph Lauren from a “neutral” rating to a “buy” rating and lifted their target price for the company from $360.00 to $400.00 in a research note on Tuesday, March 24th. Telsey Advisory Group lifted their target price on Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Barclays lifted their target price on Ralph Lauren from $430.00 to $439.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a research note on Friday, May 22nd.

View Our Latest Research Report on RL

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Ralph Lauren by 26.2% in the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after purchasing an additional 275,263 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ralph Lauren by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,050,543 shares of the textile maker’s stock worth $370,852,000 after purchasing an additional 54,686 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Ralph Lauren by 8,937.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after purchasing an additional 952,681 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Ralph Lauren by 11.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 941,832 shares of the textile maker’s stock worth $295,321,000 after purchasing an additional 98,511 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Ralph Lauren by 40.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after purchasing an additional 255,511 shares during the last quarter. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 3.3%

NYSE RL opened at $397.58 on Tuesday. The firm has a market cap of $23.66 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. Ralph Lauren has a one year low of $266.20 and a one year high of $421.60. The stock’s 50 day simple moving average is $374.41 and its 200 day simple moving average is $364.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57.

Ralph Lauren (NYSE:RLGet Free Report) last announced its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. As a group, sell-side analysts forecast that Ralph Lauren will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

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

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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