Ralph Lauren Co. (NYSE:RL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ralph Lauren Co. (NYSE:RL) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $223.90.

Several equities analysts have recently weighed in on RL shares. The Goldman Sachs Group raised their price target on shares of Ralph Lauren from $171.00 to $193.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price objective on Ralph Lauren from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Guggenheim raised their price objective on shares of Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays increased their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $207.00 price target on shares of Ralph Lauren in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors have recently modified their holdings of RL. CWM LLC raised its holdings in Ralph Lauren by 267.3% during the second quarter. CWM LLC now owns 5,804 shares of the textile maker’s stock worth $1,016,000 after purchasing an additional 4,224 shares in the last quarter. Swedbank AB lifted its position in Ralph Lauren by 18.5% in the second quarter. Swedbank AB now owns 385,000 shares of the textile maker’s stock valued at $67,398,000 after acquiring an additional 60,000 shares during the last quarter. Tidal Investments LLC boosted its stake in Ralph Lauren by 193.9% in the first quarter. Tidal Investments LLC now owns 23,021 shares of the textile maker’s stock valued at $4,322,000 after acquiring an additional 15,188 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Ralph Lauren by 210.1% during the third quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock worth $1,196,000 after purchasing an additional 4,178 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Ralph Lauren by 166.9% during the first quarter. Comerica Bank now owns 20,127 shares of the textile maker’s stock worth $3,779,000 after purchasing an additional 12,585 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $212.15 on Monday. The firm has a market cap of $13.17 billion, a PE ratio of 20.22, a P/E/G ratio of 1.59 and a beta of 1.49. The business has a 50-day moving average price of $199.91 and a 200 day moving average price of $182.44. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a twelve month low of $122.88 and a twelve month high of $237.16.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 earnings per share. Sell-side analysts predict that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.30 annualized dividend and a yield of 1.56%. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

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.