Analysts Set Ralph Lauren Corporation (NYSE:RL) Target Price at $430.07

Ralph Lauren Corporation (NYSE:RL) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $430.0714.

A number of analysts recently weighed in on RL shares. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Citigroup raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $360.00 to $400.00 in a report on Tuesday, March 24th. Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Ralph Lauren in a research report on Thursday, May 21st. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Barclays upped their price objective on Ralph Lauren from $430.00 to $439.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors have recently bought and sold shares of the stock. Blueline Advisors LLC acquired a new position in Ralph Lauren during the 4th quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in Ralph Lauren in the third quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in Ralph Lauren in the second quarter worth approximately $28,000. Aventura Private Wealth LLC bought a new position in Ralph Lauren during the 4th quarter valued at $29,000. Finally, MUFG Securities EMEA plc bought a new position in Ralph Lauren during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Stock Down 1.1%

Shares of NYSE:RL opened at $376.44 on Friday. The stock has a 50-day simple moving average of $380.23 and a 200-day simple moving average of $366.50. The stock has a market capitalization of $22.41 billion, a P/E ratio of 24.91, a PEG ratio of 1.89 and a beta of 1.34. Ralph Lauren has a 1 year low of $273.04 and a 1 year high of $421.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.57 and a current ratio of 2.13.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating the consensus estimate of $2.52 by $0.28. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a net margin of 11.60% and a return on equity of 38.17%. Ralph Lauren’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. Equities analysts forecast that Ralph Lauren will post 18.33 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $1.00 dividend. This is a positive change from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s payout ratio is currently 26.47%.

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.