Other analysts also recently issued reports about the company. Cowen and Company restated a hold rating and issued a $89.00 target price on shares of Ralph Lauren Corporation in a research note on Sunday, September 17th. Bank of America Corporation restated a neutral rating and issued a $80.00 target price on shares of Ralph Lauren Corporation in a research note on Thursday, July 27th. Buckingham Research reiterated a neutral rating and set a $68.00 price target on shares of Ralph Lauren Corporation in a research note on Monday, July 17th. Zacks Investment Research upgraded Ralph Lauren Corporation from a hold rating to a buy rating and set a $97.00 price target for the company in a research note on Tuesday, October 10th. Finally, BidaskClub upgraded Ralph Lauren Corporation from a buy rating to a strong-buy rating in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Ralph Lauren Corporation presently has a consensus rating of Hold and an average price target of $88.77.
Shares of Ralph Lauren Corporation (RL) opened at $85.43 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren Corporation has a 12 month low of $66.06 and a 12 month high of $114.00. The firm has a market capitalization of $7,153.49, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63.
Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.09. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. Ralph Lauren Corporation’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. equities analysts anticipate that Ralph Lauren Corporation will post 5.57 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.34%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently 206.19%.
In related news, insider Valerie Hermann sold 2,400 shares of Ralph Lauren Corporation stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the sale, the insider now owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 32.93% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Yorktown Management & Research Co Inc bought a new stake in shares of Ralph Lauren Corporation in the 3rd quarter worth approximately $645,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Ralph Lauren Corporation in the 3rd quarter worth approximately $205,000. Pacer Advisors Inc. raised its holdings in shares of Ralph Lauren Corporation by 358.0% in the 3rd quarter. Pacer Advisors Inc. now owns 10,195 shares of the textile maker’s stock worth $900,000 after purchasing an additional 7,969 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ralph Lauren Corporation in the 3rd quarter worth approximately $1,180,000. Finally, Cipher Capital LP bought a new stake in shares of Ralph Lauren Corporation in the 3rd quarter worth approximately $732,000. 62.43% of the stock is currently owned by institutional investors.
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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