Ralph Lauren Corporation (NYSE:RL) Receives $375.29 Consensus Target Price from Brokerages

Ralph Lauren Corporation (NYSE:RL) has been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $375.2941.

Several equities research analysts have recently commented on RL shares. Barclays reissued an “overweight” rating and set a $409.00 price target on shares of Ralph Lauren in a research note on Tuesday, January 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Wednesday, December 17th. TD Cowen restated a “buy” rating on shares of Ralph Lauren in a report on Tuesday, September 30th. UBS Group raised their price target on Ralph Lauren from $435.00 to $473.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, BTIG Research assumed coverage on shares of Ralph Lauren in a report on Tuesday, October 14th. They set a “buy” rating and a $400.00 price target for the company.

Ralph Lauren Trading Down 2.0%

NYSE:RL opened at $360.11 on Friday. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $380.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04. The stock has a fifty day moving average price of $360.56 and a two-hundred day moving average price of $327.34. The stock has a market capitalization of $21.84 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.63 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company posted $2.54 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 annualized dividend and a yield of 1.0%. Ralph Lauren’s payout ratio is 26.98%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RL. Aventura Private Wealth LLC acquired a new position in Ralph Lauren during the fourth quarter worth approximately $29,000. JPL Wealth Management LLC purchased a new stake in shares of Ralph Lauren during the 3rd quarter valued at $27,000. Hantz Financial Services Inc. increased its holdings in shares of Ralph Lauren by 1,228.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after buying an additional 86 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Ralph Lauren by 61.3% in the 3rd quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock worth $31,000 after buying an additional 38 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Ralph Lauren in the fourth quarter valued at $35,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.