Ralph Lauren Co. (NYSE:RL) Receives $228.09 Average Price Target from Analysts

Ralph Lauren Co. (NYSE:RL) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $228.09.

RL has been the topic of a number of analyst reports. Barclays raised their target price on Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their price objective on Ralph Lauren from $215.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim increased their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

Ralph Lauren Stock Up 1.1 %

Shares of RL stock opened at $240.31 on Tuesday. Ralph Lauren has a twelve month low of $134.90 and a twelve month high of $245.92. The stock has a market cap of $14.92 billion, a P/E ratio of 22.91, a P/E/G ratio of 1.76 and a beta of 1.49. The stock has a 50 day moving average of $227.58 and a 200 day moving average of $198.32. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business’s quarterly 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. As a group, sell-side analysts expect that Ralph Lauren will post 11.75 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Institutional Investors Weigh In On Ralph Lauren

A number of large investors have recently made changes to their positions in the stock. Huntington National Bank grew its holdings in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the period. True Wealth Design LLC grew its stake in shares of Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after buying an additional 268 shares during the period. AM Squared Ltd acquired a new stake in shares of Ralph Lauren during the 3rd quarter worth approximately $58,000. Quent Capital LLC raised its position in shares of Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after buying an additional 258 shares during the period. Finally, Versant Capital Management Inc grew its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

About Ralph Lauren

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.