Piper Jaffray Cos. reiterated their hold rating on shares of Ralph Lauren Corporation (NYSE:RL) in a research report sent to investors on Thursday morning, StockRatingsNetwork.com reports. The firm currently has a $170.00 price target on the stock.
RL has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Ralph Lauren Corporation from $190.00 to $200.00 in a research note to investors on Thursday. They now have a buy rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Ralph Lauren Corporation from $160.00 to $170.00 in a research note to investors on Monday, November 4th. They now have a neutral rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Ralph Lauren Corporation to a focus list rating in a research note to investors on Wednesday, September 11th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $190.50.
Shares of Ralph Lauren Corporation (NYSE:RL) traded down 0.78% on Thursday, hitting $172.06. 550,858 shares of the company’s stock traded hands. Ralph Lauren Corporation has a one year low of $144.14 and a one year high of $192.03. The stock has a 50-day moving average of $165.4 and a 200-day moving average of $173.4. The company has a market cap of $15.568 billion and a price-to-earnings ratio of 21.93.
Ralph Lauren Corporation (NYSE:RL) last released its earnings data on Wednesday, November 6th. The company reported $2.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.20 by $0.03. The company had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.91 million. During the same quarter last year, the company posted $2.45 earnings per share. Ralph Lauren Corporation’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Ralph Lauren Corporation will post $8.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, December 24th. This is a positive change from Ralph Lauren Corporation’s previous quarterly dividend of $0.40.
In other Ralph Lauren Corporation news, Chairman Roger Farah sold 132,218 shares of Ralph Lauren Corporation stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $174.29, for a total value of $23,044,275.22. Following the completion of the transaction, the chairman now directly owns 120,987 shares in the company, valued at approximately $21,086,824. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (NYSE:RL), fragrances and home furnishings.
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