Ralph Lauren Co. (NYSE:RL) Receives $155.64 Average PT from Analysts

Ralph Lauren Co. (NYSE:RL) has received a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $155.64.

RL has been the topic of several analyst reports. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Raymond James boosted their target price on Ralph Lauren from $135.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group boosted their target price on Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. UBS Group boosted their target price on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Wells Fargo & Company boosted their target price on Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, March 4th.

Ralph Lauren Stock Down 1.2 %

RL stock opened at $157.33 on Friday. The firm has a market cap of $10.06 billion, a PE ratio of 17.84, a PEG ratio of 0.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.17. The firm’s 50 day moving average price is $178.50 and its 200-day moving average price is $146.96. Ralph Lauren has a one year low of $103.17 and a one year high of $192.03.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, beating the consensus estimate of $3.53 by $0.64. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 8.90% and a return on equity of 25.88%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.35 EPS. On average, equities research analysts anticipate that Ralph Lauren will post 10.23 EPS for the current year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Wednesday, March 27th. Ralph Lauren’s dividend payout ratio is currently 34.01%.

Hedge Funds Weigh In On Ralph Lauren

Institutional investors and hedge funds have recently modified their holdings of the company. Financial Gravity Asset Management Inc. grew its stake in shares of Ralph Lauren by 99.2% during the third quarter. Financial Gravity Asset Management Inc. now owns 245 shares of the textile maker’s stock worth $28,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Ralph Lauren during the fourth quarter worth $45,000. Spire Wealth Management grew its stake in shares of Ralph Lauren by 47.9% during the third quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after purchasing an additional 102 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Ralph Lauren during the first quarter worth $64,000. Finally, Ronald Blue Trust Inc. grew its stake in shares of Ralph Lauren by 119.9% during the third quarter. Ronald Blue Trust Inc. now owns 343 shares of the textile maker’s stock worth $42,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.