Investment Analysts’ Weekly Ratings Changes for Ralph Lauren (RL)

A number of research firms have changed their ratings and price targets for Ralph Lauren (NYSE: RL):

• 9/30/2024 – Ralph Lauren was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/26/2024 – Ralph Lauren had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $207.00 price target on the stock.
• 9/26/2024 – Ralph Lauren had its price target raised by analysts at Wells Fargo & Company from $175.00 to $195.00. They now have an “equal weight” rating on the stock.
• 9/26/2024 – Ralph Lauren had its price target raised by analysts at TD Cowen from $193.00 to $208.00. They now have a “buy” rating on the stock.
• 9/20/2024 – Ralph Lauren had its price target raised by analysts at Telsey Advisory Group from $195.00 to $207.00. They now have an “outperform” rating on the stock.
• 9/6/2024 – Ralph Lauren was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/8/2024 – Ralph Lauren had its price target raised by analysts at Barclays PLC from $195.00 to $200.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – Ralph Lauren had its price target lowered by analysts at TD Cowen from $196.00 to $193.00. They now have a “buy” rating on the stock.
• 8/7/2024 – Ralph Lauren had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $195.00 price target on the stock.

Ralph Lauren Stock Down 0.7 %

NYSE RL traded down $1.30 during trading on Thursday, hitting $191.82. 162,370 shares of the company traded hands, compared to its average volume of 897,179. The company has a market capitalization of $11.88 billion, a P/E ratio of 19.73, a PEG ratio of 1.61 and a beta of 1.49. The business has a fifty day simple moving average of $173.50 and a 200 day simple moving average of $173.95. Ralph Lauren Co. has a 12 month low of $108.60 and a 12 month high of $200.17. The company has a current ratio of 2.19, a quick ratio of 1.53 and a debt-to-equity ratio of 0.59.

Ralph Lauren (NYSE:RL) last posted its earnings results on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.25. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. Ralph Lauren’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 earnings per share. As a group, sell-side analysts predict that Ralph Lauren Co. will post 11.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.72%. Ralph Lauren’s payout ratio is presently 33.95%.

Hedge Funds Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently bought and sold shares of the company. Family Firm Inc. bought a new stake in Ralph Lauren in the 2nd quarter worth about $30,000. Gladius Capital Management LP bought a new position in shares of Ralph Lauren during the 2nd quarter valued at $31,000. Versant Capital Management Inc grew its holdings in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 213 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Ralph Lauren during the 1st quarter valued at $42,000. Finally, EntryPoint Capital LLC bought a new stake in Ralph Lauren in the 1st quarter worth $63,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.