Ralph Lauren Co. (NYSE:RL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ralph Lauren Co. (NYSE:RL) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $284.15.

Several research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Ralph Lauren from $258.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Ralph Lauren from $285.00 to $342.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Needham & Company LLC initiated coverage on shares of Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target for the company. StockNews.com raised shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Tuesday, December 31st.

Institutional Trading of Ralph Lauren

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Huntington National Bank raised its position in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Ralph Lauren by 281.1% during the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock worth $47,000 after buying an additional 149 shares in the last quarter. Pinpoint Asset Management Ltd raised its position in shares of Ralph Lauren by 22,500.0% during the 4th quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock worth $52,000 after buying an additional 225 shares in the last quarter. Finally, True Wealth Design LLC raised its position in shares of Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after buying an additional 268 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Price Performance

Shares of RL stock opened at $232.51 on Wednesday. The firm has a market cap of $14.36 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.73 and a beta of 1.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.31. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a fifty day moving average of $255.08 and a two-hundred day moving average of $221.09.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. As a group, research analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 annualized dividend and a yield of 1.42%. Ralph Lauren’s dividend payout ratio is presently 30.11%.

About Ralph Lauren

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.