Ralph Lauren Co. (NYSE:RL) has been given an average recommendation of “Hold” by the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $97.76.
Several analysts recently commented on the stock. Telsey Advisory Group upped their price target on shares of Ralph Lauren from $109.00 to $115.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Bank of America upped their price target on shares of Ralph Lauren from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, February 2nd. Nomura upped their price target on shares of Ralph Lauren from $92.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating and set a $113.00 price objective on shares of Ralph Lauren in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday.
Large investors have recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of Ralph Lauren during the 4th quarter worth $1,307,000. Stifel Financial Corp acquired a new position in shares of Ralph Lauren during the 3rd quarter worth $810,000. Summit Securities Group LLC acquired a new position in shares of Ralph Lauren during the 4th quarter worth $373,000. Piedmont Investment Advisors LLC acquired a new position in shares of Ralph Lauren during the 3rd quarter worth $845,000. Finally, New York State Common Retirement Fund grew its stake in shares of Ralph Lauren by 6.9% during the 3rd quarter. New York State Common Retirement Fund now owns 144,900 shares of the textile maker’s stock worth $12,793,000 after purchasing an additional 9,400 shares during the period. 73.64% of the stock is currently owned by institutional investors and hedge funds.
Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $2.03 EPS for the quarter, beating the consensus estimate of $1.87 by $0.16. Ralph Lauren had a negative net margin of 1.33% and a positive return on equity of 14.64%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. Ralph Lauren’s revenue for the quarter was down 4.3% on a year-over-year basis. equities research analysts forecast that Ralph Lauren will post 5.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. Ralph Lauren’s dividend payout ratio (DPR) is presently 35.03%.
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Ralph Lauren Company Profile
Ralph Lauren Corporation designs, markets, and distributes lifestyle products worldwide. The company operates in three segments: North America, Europe, and Asia. It offers apparel, including a range of men's, women's, and children's clothing; accessories, which comprise footwear, eyewear, watches, fine jewelry, hats, belts, and leather goods, such as handbags and luggage; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, paints, tabletops, and giftware; and fragrances.
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