Ralph Lauren Co. (NYSE:RL) Receives $223.90 Consensus Price Target from Brokerages

Ralph Lauren Co. (NYSE:RL) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $223.90.

A number of equities analysts recently weighed in on RL shares. Barclays boosted their price objective on shares of Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Telsey Advisory Group restated an “outperform” rating and set a $207.00 target price on shares of Ralph Lauren in a research note on Thursday, November 7th. Cfra set a $171.00 price target on Ralph Lauren in a research note on Thursday, October 17th. The Goldman Sachs Group upped their price objective on Ralph Lauren from $171.00 to $193.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on Ralph Lauren from $195.00 to $205.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Ralph Lauren by 1.1% during the third quarter. Principal Financial Group Inc. now owns 64,999 shares of the textile maker’s stock worth $12,601,000 after buying an additional 694 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of Ralph Lauren in the third quarter worth approximately $94,831,000. Retirement Systems of Alabama lifted its stake in shares of Ralph Lauren by 2.0% during the 3rd quarter. Retirement Systems of Alabama now owns 8,781 shares of the textile maker’s stock worth $1,702,000 after acquiring an additional 169 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Ralph Lauren by 24.4% during the 3rd quarter. Franklin Resources Inc. now owns 84,545 shares of the textile maker’s stock valued at $17,425,000 after acquiring an additional 16,575 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in Ralph Lauren by 137.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,849 shares of the textile maker’s stock worth $552,000 after purchasing an additional 1,649 shares during the period. Hedge funds and other institutional investors own 67.91% of the company’s stock.

Ralph Lauren Trading Up 0.5 %

Shares of NYSE RL opened at $231.57 on Friday. Ralph Lauren has a 1 year low of $134.90 and a 1 year high of $237.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18. The firm has a 50-day moving average of $215.37 and a 200 day moving average of $190.74. The stock has a market cap of $14.38 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.50.

Ralph Lauren (NYSE:RL) last released its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 earnings per share. As a group, sell-side analysts expect that Ralph Lauren will post 11.71 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.43%. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

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.