Brokerages Set Ralph Lauren Co. (NYSE:RL) Target Price at $223.90

Ralph Lauren Co. (NYSE:RL) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $223.90.

A number of equities research analysts have recently weighed in on RL shares. Barclays lifted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Telsey Advisory Group restated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, UBS Group increased their price target on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Ralph Lauren Stock Performance

Shares of RL opened at $222.67 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The firm has a 50-day moving average of $201.47 and a 200-day moving average of $183.20. The company has a market cap of $13.83 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. Ralph Lauren has a one year low of $125.25 and a one year high of $237.16.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $2.10 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Ralph Lauren will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Ralph Lauren’s payout ratio is presently 31.46%.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds have recently bought and sold shares of RL. Franklin Resources Inc. boosted its position in shares of Ralph Lauren by 24.4% during the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker’s stock worth $17,425,000 after purchasing an additional 16,575 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Ralph Lauren by 137.4% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker’s stock worth $552,000 after buying an additional 1,649 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Ralph Lauren in the third quarter valued at $19,320,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Ralph Lauren by 5.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 126,505 shares of the textile maker’s stock valued at $24,526,000 after buying an additional 6,274 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ralph Lauren by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock worth $183,787,000 after acquiring an additional 30,694 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.