Ralph Lauren Co. (NYSE:RL) Receives $194.36 Average Price Target from Analysts

Shares of Ralph Lauren Co. (NYSE:RL) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $194.36.

Several research firms have weighed in on RL. Telsey Advisory Group restated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a report on Thursday, September 26th. TD Cowen lifted their target price on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Barclays lifted their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. StockNews.com downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their target price on Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Ralph Lauren Stock Down 0.1 %

RL stock opened at $197.66 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. Ralph Lauren has a 12-month low of $111.30 and a 12-month high of $207.06. The company has a 50 day moving average of $188.90 and a two-hundred day moving average of $177.46. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.62 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $2.34 earnings per share. Ralph Lauren’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Ralph Lauren will post 11.26 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is presently 31.82%.

Institutional Trading of Ralph Lauren

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Ralph Lauren by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock valued at $11,968,000 after buying an additional 6,378 shares during the period. Bessemer Group Inc. raised its holdings in shares of Ralph Lauren by 708.2% in the 1st quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock valued at $1,694,000 after purchasing an additional 7,904 shares during the period. Sei Investments Co. raised its holdings in shares of Ralph Lauren by 124.3% in the 1st quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock valued at $6,041,000 after purchasing an additional 17,827 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of Ralph Lauren by 891.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,009 shares of the textile maker’s stock valued at $940,000 after purchasing an additional 4,504 shares during the period. Finally, CWM LLC raised its holdings in shares of Ralph Lauren by 267.3% in the 2nd quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock valued at $1,016,000 after purchasing an additional 4,224 shares during the period. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.