Ralph Lauren Corporation (NYSE:RL) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Ralph Lauren Corporation (NYSE:RL) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $449.07.

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Ralph Lauren from $520.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore reiterated an “outperform” rating and set a $460.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. BTIG Research boosted their price objective on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays boosted their price target on Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings cut shares of Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th.

Hedge Funds Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP increased its holdings in Ralph Lauren by 20.0% in the 1st quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker’s stock valued at $242,044,000 after purchasing an additional 117,412 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Ralph Lauren by 6.4% during the first quarter. Jennison Associates LLC now owns 593,537 shares of the textile maker’s stock worth $204,171,000 after purchasing an additional 35,525 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Ralph Lauren by 55.5% during the second quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock worth $191,261,000 after purchasing an additional 170,091 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Ralph Lauren by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 423,283 shares of the textile maker’s stock worth $145,550,000 after buying an additional 5,107 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Ralph Lauren by 65.7% in the first quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker’s stock worth $143,072,000 after buying an additional 164,965 shares during the period. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Trading Down 0.1%

NYSE:RL opened at $392.43 on Monday. The company has a market capitalization of $23.38 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. Ralph Lauren has a 52-week low of $306.55 and a 52-week high of $421.60. The stock has a fifty day simple moving average of $361.03 and a 200-day simple moving average of $367.03.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.27. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.77 EPS. On average, equities research analysts expect that Ralph Lauren will post 18.88 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 25.20%.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.