Ralph Lauren Co. (NYSE:RL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Ralph Lauren Co. (NYSE:RL) have received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $223.90.

Several research analysts have recently commented on RL shares. TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. UBS Group raised their target price on Ralph Lauren from $287.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group lifted their target price on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th. Finally, Barclays lifted their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after purchasing an additional 137,631 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock worth $183,787,000 after buying an additional 30,694 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ralph Lauren by 158.1% in the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after buying an additional 528,778 shares in the last quarter. Holocene Advisors LP grew its position in shares of Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after buying an additional 78,008 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Ralph Lauren by 42.2% during the 2nd quarter. Acadian Asset Management LLC now owns 638,502 shares of the textile maker’s stock worth $111,760,000 after acquiring an additional 189,600 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Trading Up 0.6 %

NYSE RL opened at $222.46 on Friday. 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 stock has a market capitalization of $13.81 billion, a P/E ratio of 21.21, a PEG ratio of 1.69 and a beta of 1.50. The firm’s 50-day moving average is $213.71 and its two-hundred day moving average is $189.64. Ralph Lauren has a 12 month low of $134.90 and a 12 month high of $237.16.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. On average, sell-side analysts anticipate that Ralph Lauren will post 11.71 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.825 dividend. The ex-dividend date is Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.48%. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

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.