Ralph Lauren (NYSE:RL) Price Target Raised to $452.00

Ralph Lauren (NYSE:RL) had its price target boosted by JPMorgan Chase & Co. from $434.00 to $452.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

RL has been the subject of a number of other reports. Telsey Advisory Group lifted their price target on shares of Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $437.00 price objective on shares of Ralph Lauren in a report on Friday, May 22nd. Bank of America increased their price objective on shares of Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, UBS Group raised their price target on Ralph Lauren from $480.00 to $511.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $436.21.

Ralph Lauren Stock Performance

NYSE RL opened at $396.46 on Tuesday. The stock has a fifty day simple moving average of $387.93 and a 200-day simple moving average of $368.20. The company has a current ratio of 2.13, a quick ratio of 1.57 and a debt-to-equity ratio of 0.51. The stock has a market cap of $23.60 billion, a PE ratio of 26.24, a P/E/G ratio of 1.88 and a beta of 1.35. Ralph Lauren has a twelve month low of $273.04 and a twelve month high of $421.60.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm earned $3.77 EPS. Ralph Lauren’s revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that Ralph Lauren will post 18.4 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $1.00 per share. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 26.47%.

Institutional Investors Weigh In On Ralph Lauren

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

More Ralph Lauren News

Here are the key news stories impacting Ralph Lauren this week:

• Positive Sentiment: Quarterly beat: Ralph Lauren reported adjusted earnings of $4.59 per share versus the $4.27 consensus estimate. Revenue rose 13.9% year over year to $1.96 billion, exceeding expectations of $1.87 billion. Ralph Lauren quarterly earnings report
• Positive Sentiment: Strong demand and profitability: Results benefited from broad-based global demand, affluent shoppers, higher full-price selling and operating-margin expansion, signaling healthy brand momentum and pricing power. Ralph Lauren Q1 earnings beat
• Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 revenue-growth forecast to 5%-6% and expects operating-margin expansion of 60-80 basis points, above its previous outlook. Ralph Lauren raises fiscal 2027 outlook
• Positive Sentiment: Analyst support: Needham raised its price target from $405 to $450 and assigned a Buy rating. Commentator Jim Cramer also highlighted Ralph Lauren’s disciplined brand-building, core-business expansion and global growth strategy. Needham raises Ralph Lauren price target
• Neutral Sentiment: Despite the favorable earnings reaction, RL remains near its 52-week high, so elevated valuation and high investor expectations could increase sensitivity to any slowdown in demand.
• Negative Sentiment: Quiver Quantitative reported that insiders made no open-market purchases and recorded 17 sales during the past six months, including sales by senior executives. This may weigh modestly on sentiment, although the transactions do not necessarily indicate a change in business fundamentals.

Ralph Lauren Company Profile

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.