Ralph Lauren (NYSE:RL) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Ralph Lauren Corporation (NYSE:RL) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $369.57 and traded as high as $379.32. Ralph Lauren shares last traded at $373.8530, with a volume of 320,311 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RL shares. Evercore restated an “outperform” rating and issued a $460.00 target price on shares of Ralph Lauren in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. BTIG Research boosted their price objective on shares of Ralph Lauren from $450.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $425.00 target price on shares of Ralph Lauren in a research note on Friday, August 7th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ralph Lauren presently has an average rating of “Moderate Buy” and a consensus target price of $449.00.

Ralph Lauren Stock Up 4.2%

The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $23.30 billion, a P/E ratio of 24.65, a PEG ratio of 1.40 and a beta of 1.34. The firm has a 50-day moving average price of $360.82 and a two-hundred day moving average price of $369.86.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company posted $3.77 earnings per share. Ralph Lauren’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts anticipate that Ralph Lauren Corporation will post 18.79 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RL. V Square Quantitative Management LLC boosted its stake in shares of Ralph Lauren by 36.9% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,187 shares of the textile maker’s stock valued at $421,000 after purchasing an additional 320 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Ralph Lauren during the 3rd quarter valued at about $25,987,000. Brindle & Bay Financial Advisors LLC boosted its position in Ralph Lauren by 25.1% in the third quarter. Brindle & Bay Financial Advisors LLC now owns 642 shares of the textile maker’s stock valued at $228,000 after buying an additional 129 shares in the last quarter. Curated Wealth Partners LLC acquired a new position in Ralph Lauren in the third quarter valued at about $360,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Ralph Lauren in the third quarter valued at about $781,000. 67.91% of the stock is owned by institutional investors.

About Ralph Lauren

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.