Ralph Lauren Corporation (NYSE:RL) Receives $388.19 Consensus Target Price from Brokerages

Shares of Ralph Lauren Corporation (NYSE:RL) have earned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $388.1875.

A number of brokerages recently commented on RL. Citigroup raised their price target on Ralph Lauren from $333.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Wells Fargo & Company upped their price objective on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Guggenheim assumed coverage on shares of Ralph Lauren in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group dropped their price target on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Friday, February 6th.

Ralph Lauren Stock Up 2.3%

NYSE RL opened at $373.44 on Wednesday. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $389.15. The stock has a market capitalization of $22.61 billion, a PE ratio of 25.42, a PEG ratio of 1.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.52. The business’s 50-day moving average is $362.05 and its 200 day moving average is $337.29.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.Ralph Lauren’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.82 EPS. Sell-side analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is currently 24.85%.

Insider Activity

In related news, CEO Patrice Louvet sold 47,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after purchasing an additional 174 shares in the last quarter. Empowered Funds LLC raised its stake in Ralph Lauren by 0.9% during the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock valued at $2,723,000 after buying an additional 114 shares during the last quarter. Woodline Partners LP boosted its holdings in Ralph Lauren by 39.5% in the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares in the last quarter. Focus Partners Wealth boosted its holdings in Ralph Lauren by 29.5% in the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Ralph Lauren in the second quarter worth $386,000. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.