Analysts Set Ralph Lauren Corporation (NYSE:RL) Price Target at $389.06

Ralph Lauren Corporation (NYSE:RL) has received an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $389.0625.

Several equities analysts have weighed in on RL shares. Jefferies Financial Group reduced their price objective on Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a report on Friday, February 6th. BTIG Research boosted their target price on Ralph Lauren from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, February 6th. UBS Group reaffirmed a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft set a $422.00 price target on Ralph Lauren in a research note on Thursday, January 8th. Finally, Argus lifted their price objective on Ralph Lauren from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, January 15th.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $354.22, for a total value of $16,648,340.00. Following the completion of the transaction, the chief executive officer owned 85,552 shares in the company, valued at $30,304,229.44. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 38.34% of the stock is owned by insiders.

Institutional Trading of Ralph Lauren

A number of institutional investors have recently modified their holdings of RL. Blueline Advisors LLC purchased a new position in Ralph Lauren in the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the third quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren during the second quarter worth $28,000. Aventura Private Wealth LLC bought a new position in shares of Ralph Lauren in the fourth quarter worth $29,000. Finally, Rothschild Investment LLC boosted its holdings in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after acquiring an additional 38 shares during the period. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Performance

Shares of RL stock opened at $349.29 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The firm has a market cap of $21.15 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 1.32 and a beta of 1.47. Ralph Lauren has a 52 week low of $176.61 and a 52 week high of $389.15. The firm’s 50-day simple moving average is $359.05 and its two-hundred day simple moving average is $343.58.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.30 billion. Ralph Lauren had a net margin of 11.73% and a return on equity of 37.97%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.82 EPS. As a group, equities analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 27th. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.85%.

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.