Ralph Lauren Corp (NYSE:RL) Receives $138.14 Consensus Price Target from Brokerages

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Ralph Lauren Corp (NYSE:RL) has received an average recommendation of “Hold” from the twenty analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $136.46.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Bank of America lowered their price objective on shares of Ralph Lauren from $114.00 to $108.00 and set an “underperform” rating for the company in a report on Wednesday, May 15th. Telsey Advisory Group restated an “outperform” rating and issued a $155.00 price objective on shares of Ralph Lauren in a report on Wednesday, May 15th. Nomura lowered their price objective on shares of Ralph Lauren from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, May 15th. Finally, TheStreet lowered shares of Ralph Lauren from a “b” rating to a “c+” rating in a report on Tuesday, May 14th.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $105.23, for a total transaction of $7,516,368.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 32.49% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of Ralph Lauren by 3,333.3% during the first quarter. Signaturefd LLC now owns 206 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Ralph Lauren by 184.2% during the first quarter. Fifth Third Bancorp now owns 216 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Ralph Lauren by 44.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 92 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $33,000. Finally, CSat Investment Advisory L.P. increased its stake in shares of Ralph Lauren by 97.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 436 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 215 shares in the last quarter. 66.17% of the stock is owned by institutional investors and hedge funds.

Shares of Ralph Lauren stock traded down $1.19 during trading on Wednesday, reaching $112.67. 658,000 shares of the stock were exchanged, compared to its average volume of 1,048,494. The company has a current ratio of 3.00, a quick ratio of 2.31 and a debt-to-equity ratio of 0.21. The firm has a market cap of $8.66 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.40 and a beta of 0.85. Ralph Lauren has a 1 year low of $95.63 and a 1 year high of $147.79.

Ralph Lauren (NYSE:RL) last posted its earnings results on Tuesday, May 14th. The textile maker reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.14. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Ralph Lauren had a net margin of 6.83% and a return on equity of 17.38%. Ralph Lauren’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. Research analysts forecast that Ralph Lauren will post 7.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.6875 per share. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.44%. Ralph Lauren’s dividend payout ratio (DPR) is currently 34.77%.

Ralph Lauren Company Profile

Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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