Ralph Lauren Corporation (NYSE:RL) had its price target increased by Buckingham Research from $82.00 to $90.00 in a research report report published on Wednesday. Buckingham Research currently has a neutral rating on the textile maker’s stock.
RL has been the subject of a number of other reports. Tigress Financial started coverage on shares of Ralph Lauren Corporation in a research note on Thursday, May 25th. They issued a neutral rating for the company. Zacks Investment Research downgraded shares of Ralph Lauren Corporation from a hold rating to a sell rating in a research note on Wednesday, May 24th. Credit Suisse Group raised shares of Ralph Lauren Corporation from a neutral rating to an outperform rating and set a $111.00 price target for the company in a research note on Friday, September 8th. BidaskClub raised shares of Ralph Lauren Corporation from a hold rating to a buy rating in a research note on Wednesday, June 28th. Finally, Telsey Advisory Group reissued an outperform rating and issued a $78.00 price target (down from $82.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Ralph Lauren Corporation has a consensus rating of Hold and an average price target of $91.49.
Ralph Lauren Corporation (NYSE RL) opened at 90.87 on Wednesday. The firm’s 50-day moving average price is $85.26 and its 200-day moving average price is $78.21. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The firm’s market cap is $7.38 billion.
Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. Ralph Lauren Corporation’s revenue was down 13.2% on a year-over-year basis. Equities research analysts anticipate that Ralph Lauren Corporation will post $5.32 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. Ralph Lauren Corporation’s payout ratio is -869.57%.
Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ralph Lauren Corporation by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after buying an additional 96 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Ralph Lauren Corporation during the first quarter valued at approximately $110,000. Daiwa Securities Group Inc. grew its holdings in shares of Ralph Lauren Corporation by 21.4% during the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock valued at $139,000 after buying an additional 300 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Ralph Lauren Corporation by 97.0% during the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock valued at $162,000 after buying an additional 979 shares during the last quarter. Finally, Engine Capital Management LLC purchased a new stake in shares of Ralph Lauren Corporation during the first quarter valued at approximately $163,000. Hedge funds and other institutional investors own 62.89% of the company’s stock.
Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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