Ralph Lauren Corporation (NYSE:RL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ralph Lauren Corporation (NYSE:RL) have received an average rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $449.00.

RL has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Ralph Lauren from $434.00 to $452.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Telsey Advisory Group lifted their target price on Ralph Lauren from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, August 7th. BTIG Research boosted their price target on Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wells Fargo & Company boosted their price target on Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, September 5th.

Ralph Lauren Price Performance

RL opened at $360.45 on Thursday. The company’s 50 day simple moving average is $361.75 and its 200 day simple moving average is $368.68. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. Ralph Lauren has a 1 year low of $306.55 and a 1 year high of $421.60. The stock has a market capitalization of $21.48 billion, a PE ratio of 22.71, a P/E/G ratio of 1.38 and a beta of 1.34.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. Ralph Lauren’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.77 earnings per share. As a group, sell-side analysts expect that Ralph Lauren will post 18.79 EPS for the current year.

Ralph Lauren Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP grew its position in shares of Ralph Lauren by 1,002.1% during the fourth quarter. Engineers Gate Manager LP now owns 157,122 shares of the textile maker’s stock worth $55,560,000 after buying an additional 142,865 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Ralph Lauren in the fourth quarter valued at $3,110,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ralph Lauren in the second quarter valued at $3,225,000. Wellington Management Group LLP boosted its stake in Ralph Lauren by 55.5% during the 2nd quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock valued at $191,261,000 after acquiring an additional 170,091 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Ralph Lauren during the 2nd quarter worth $11,573,000. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.

The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.