Ralph Lauren Corporation (NYSE:RL) Receives $357.44 Average Target Price from Analysts

Shares of Ralph Lauren Corporation (NYSE:RL) have earned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $364.60.

Several equities analysts recently issued reports on RL shares. Zacks Research cut Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Cowen reaffirmed a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, September 30th. Needham & Company LLC lifted their price target on shares of Ralph Lauren from $335.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Evercore ISI increased their price objective on shares of Ralph Lauren from $340.00 to $375.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 price objective on shares of Ralph Lauren in a research note on Wednesday, December 17th.

Ralph Lauren Stock Performance

Shares of Ralph Lauren stock opened at $358.29 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $348.83 and a 200 day simple moving average of $318.17. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $380.00. The firm has a market cap of $21.73 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.77 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.34. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 EPS. Sell-side analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a $0.9125 dividend. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 26th. Ralph Lauren’s dividend payout ratio (DPR) is currently 26.98%.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its position in shares of Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the period. JPL Wealth Management LLC bought a new position in Ralph Lauren during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new position in Ralph Lauren during the second quarter valued at approximately $28,000. Rothschild Investment LLC increased its stake in Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Ralph Lauren in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

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.