Cowen and Company reissued their hold rating on shares of Ralph Lauren Corporation (NYSE:RL) in a research note issued to investors on Sunday. They currently have a $89.00 price target on the textile maker’s stock.

Other equities research analysts have also issued reports about the stock. BidaskClub raised shares of Ralph Lauren Corporation from a hold rating to a buy rating in a report on Wednesday, June 28th. Macquarie raised shares of Ralph Lauren Corporation to a buy rating and upped their price target for the company from $96.00 to $100.00 in a report on Tuesday, September 5th. ValuEngine lowered shares of Ralph Lauren Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Needham & Company LLC initiated coverage on shares of Ralph Lauren Corporation in a report on Tuesday, July 18th. They issued a hold rating on the stock. Finally, Royal Bank of Canada set a $88.00 price target on shares of Ralph Lauren Corporation and gave the company a hold rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $91.49.

Ralph Lauren Corporation (NYSE:RL) opened at 91.03 on Friday. The company’s 50-day moving average price is $86.13 and its 200 day moving average price is $78.34. Ralph Lauren Corporation has a 52-week low of $66.06 and a 52-week high of $114.00. The stock’s market capitalization is $7.40 billion.

Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, beating the consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The firm’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren Corporation will post $5.32 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -869.57%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC raised its position in shares of Ralph Lauren Corporation by 1.6% during the 2nd quarter. Sentry Investment Management LLC now owns 37,912 shares of the textile maker’s stock worth $2,798,000 after purchasing an additional 594 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Ralph Lauren Corporation by 22.9% during the 2nd quarter. Toronto Dominion Bank now owns 18,686 shares of the textile maker’s stock worth $1,378,000 after purchasing an additional 3,483 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Ralph Lauren Corporation by 0.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 411,610 shares of the textile maker’s stock worth $30,377,000 after purchasing an additional 2,550 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Ralph Lauren Corporation by 20.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 15,856 shares of the textile maker’s stock worth $1,170,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Wunderlich Capital Managemnt acquired a new position in shares of Ralph Lauren Corporation during the 2nd quarter worth about $1,111,000. Hedge funds and other institutional investors own 62.88% of the company’s stock.

About Ralph Lauren Corporation

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

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