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

Ralph Lauren Co. (NYSE:RL) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $184.80.

A number of equities research analysts recently commented on the company. Guggenheim reissued a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. TD Cowen dropped their price target on shares of Ralph Lauren from $196.00 to $193.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays boosted their price target on shares of Ralph Lauren from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. StockNews.com cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Ralph Lauren in a report on Wednesday, August 7th.

Ralph Lauren Stock Up 1.5 %

Ralph Lauren stock opened at $184.21 on Wednesday. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.44 and a beta of 1.49. The firm’s fifty day moving average price is $169.94 and its two-hundred day moving average price is $173.25. Ralph Lauren has a 1-year low of $108.60 and a 1-year high of $192.03. 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 released its quarterly 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 EPS. On average, equities research analysts predict that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, September 27th. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Ralph Lauren by 45,214.3% during the fourth quarter. International Assets Investment Management LLC now owns 3,172 shares of the textile maker’s stock valued at $457,000 after purchasing an additional 3,165 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Ralph Lauren during the 4th quarter valued at approximately $219,000. M&T Bank Corp bought a new position in Ralph Lauren in the 4th quarter worth approximately $228,000. National Bank of Canada FI grew its stake in Ralph Lauren by 19.0% in the 4th quarter. National Bank of Canada FI now owns 10,821 shares of the textile maker’s stock valued at $1,580,000 after buying an additional 1,726 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in Ralph Lauren during the 4th quarter valued at $272,000. Hedge funds and other 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.