Analysts Set Ralph Lauren Corporation (NYSE:RL) Target Price at $324.89

Shares of Ralph Lauren Corporation (NYSE:RL) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, sixteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $333.9412.

A number of equities analysts have weighed in on RL shares. JPMorgan Chase & Co. increased their price target on shares of Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. BTIG Research started coverage on Ralph Lauren in a report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price objective for the company. Wells Fargo & Company lifted their target price on Ralph Lauren from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, September 8th. TD Cowen boosted their price target on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $332.72 on Thursday. The business has a fifty day simple moving average of $308.79 and a 200-day simple moving average of $278.13. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $333.14. The company has a market cap of $20.15 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.63 and a beta of 1.61. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $2.70 EPS. Equities research analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 26th. Ralph Lauren’s payout ratio is 29.15%.

Hedge Funds Weigh In On Ralph Lauren

A number of hedge funds have recently made changes to their positions in RL. OMNI 360 Wealth Inc. purchased a new stake in Ralph Lauren during the 1st quarter worth $248,000. Crossmark Global Holdings Inc. lifted its stake in shares of Ralph Lauren by 13.5% during the first quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the textile maker’s stock worth $4,987,000 after purchasing an additional 2,684 shares in the last quarter. Truist Financial Corp boosted its position in shares of Ralph Lauren by 7.8% in the first quarter. Truist Financial Corp now owns 300,837 shares of the textile maker’s stock worth $66,407,000 after buying an additional 21,681 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Ralph Lauren by 31.5% in the first quarter. BNP Paribas Financial Markets now owns 171,141 shares of the textile maker’s stock worth $37,778,000 after buying an additional 40,977 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Ralph Lauren by 8.1% in the first quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker’s stock valued at $52,421,000 after buying an additional 17,732 shares in the last quarter. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.