Ralph Lauren Co. (NYSE:RL) Given Average Rating of “Moderate Buy” by Analysts

Ralph Lauren Co. (NYSE:RL) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $223.90.

A number of research firms have weighed in on RL. Guggenheim lifted their target price on Ralph Lauren from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, October 28th. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. TD Cowen upped their target price on Ralph Lauren from $208.00 to $251.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group upped their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Barclays boosted their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Ralph Lauren

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Ralph Lauren by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 492,787 shares of the textile maker’s stock valued at $95,537,000 after acquiring an additional 13,640 shares during the period. Bridgewater Associates LP increased its position in shares of Ralph Lauren by 145.8% during the third quarter. Bridgewater Associates LP now owns 59,927 shares of the textile maker’s stock valued at $11,618,000 after buying an additional 35,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ralph Lauren in the third quarter worth about $1,819,000. Quest Partners LLC lifted its holdings in Ralph Lauren by 210.1% in the third quarter. Quest Partners LLC now owns 6,167 shares of the textile maker’s stock worth $1,196,000 after buying an additional 4,178 shares during the period. Finally, Cypress Capital Group boosted its position in Ralph Lauren by 83.6% during the 3rd quarter. Cypress Capital Group now owns 6,653 shares of the textile maker’s stock valued at $1,290,000 after acquiring an additional 3,029 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Trading Up 0.5 %

Shares of Ralph Lauren stock opened at $231.57 on Friday. The stock has a market capitalization of $14.38 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The stock’s 50-day simple moving average is $215.37 and its 200 day simple moving average is $190.74. Ralph Lauren has a 52-week low of $134.90 and a 52-week high of $237.16.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.10 earnings per share. As a group, research analysts anticipate that Ralph Lauren will post 11.71 EPS for the current year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, December 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.