Ralph Lauren (NYSE:RL) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ralph Lauren (NYSE:RL – Free Report) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

RL has been the topic of a number of other research reports. Barclays upped their price target on shares of Ralph Lauren from $463.00 to $473.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings downgraded shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Needham & Company LLC boosted their price objective on Ralph Lauren from $405.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BTIG Research upped their target price on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Telsey Advisory Group upped their target price on Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.79.

Read Our Latest Stock Report on RL

Ralph Lauren Trading Down 1.2%

Shares of Ralph Lauren stock opened at $377.10 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.42. The business has a fifty day simple moving average of $363.95 and a two-hundred day simple moving average of $367.75. Ralph Lauren has a 1 year low of $315.71 and a 1 year high of $421.60. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 1.70 and a beta of 1.30.

Ralph Lauren (NYSE:RL – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The textile maker reported $4.64 EPS for the quarter, beating the consensus estimate of $4.26 by $0.38. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.13 billion. Ralph Lauren had a net margin of 12.56% and a return on equity of 40.22%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.79 earnings per share. Research analysts forecast that Ralph Lauren will post 19.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.1%. Ralph Lauren’s dividend payout ratio is currently 25.20%.

Institutional Investors Weigh In On Ralph Lauren

A number of large investors have recently modified their holdings of RL. Allspring Global Investments Holdings LLC boosted its stake in Ralph Lauren by 11.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,930 shares of the textile maker’s stock valued at $700,000 after buying an additional 202 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Ralph Lauren by 31.0% in the third quarter. Kestra Private Wealth Services LLC now owns 1,144 shares of the textile maker’s stock worth $406,000 after acquiring an additional 271 shares during the last quarter. Covestor Ltd boosted its stake in shares of Ralph Lauren by 42.8% in the 3rd quarter. Covestor Ltd now owns 287 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 86 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Ralph Lauren by 52.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,271 shares of the textile maker’s stock valued at $1,161,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ralph Lauren during the 3rd quarter valued at approximately $5,213,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Trending Headlines about Ralph Lauren

Here are the key news stories impacting Ralph Lauren this week:

About Ralph Lauren

(Get Free Report)

Ralph Lauren Corporation is a global designer, marketer and distributor of premium lifestyle products. Founded by Ralph Lauren in 1967 with a collection of men’s ties, the company has grown into a fashion and lifestyle business built around its namesake brand and Polo Ralph Lauren.

Its products include apparel, footwear, accessories, fragrances and home furnishings. The company sells through department stores and other wholesale partners, as well as its own retail stores and e-commerce channels, and also licenses its brands for selected products and services.

Ralph Lauren serves customers in North America, Europe and Asia, among other markets.

See Also

Analyst Recommendations for Ralph Lauren (NYSE:RL)

Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.