Ralph Lauren Corporation (NYSE:RL) Stock Has Consensus Price Target of $449.00

Ralph Lauren Corporation (NYSE:RL) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $449.00.

Several brokerages recently commented on RL. Wall Street Zen cut shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Raymond James Financial reissued an “outperform” rating and set a $425.00 price objective on shares of Ralph Lauren in a research note on Friday, August 7th. Weiss Ratings cut Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft set a $446.00 price target on Ralph Lauren in a report on Friday, August 7th. Finally, Wells Fargo & Company raised their target price on shares of Ralph Lauren from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st.

Ralph Lauren Stock Performance

Shares of RL stock opened at $363.66 on Thursday. The firm’s 50 day moving average is $362.52 and its 200 day moving average is $368.03. The stock has a market capitalization of $21.67 billion, a P/E ratio of 22.91, a PEG ratio of 1.36 and a beta of 1.34. Ralph Lauren has a 12 month low of $306.55 and a 12 month high of $421.60. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. Ralph Lauren’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.77 EPS. On average, sell-side analysts anticipate that Ralph Lauren will post 18.79 earnings per share for the current year.

Ralph Lauren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Ralph Lauren’s dividend payout ratio is currently 25.20%.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds have recently added to or reduced their stakes in the company. CX Institutional lifted its position in Ralph Lauren by 37.5% in the 3rd quarter. CX Institutional now owns 1,068 shares of the textile maker’s stock worth $379,000 after buying an additional 291 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Ralph Lauren by 8.8% during the second quarter. QRG Capital Management Inc. now owns 1,243 shares of the textile maker’s stock valued at $499,000 after buying an additional 101 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Ralph Lauren in the second quarter worth about $203,000. Talon Private Wealth LLC purchased a new stake in Ralph Lauren during the 2nd quarter valued at about $790,000. Finally, WINTON GROUP Ltd boosted its holdings in Ralph Lauren by 126.4% during the 2nd quarter. WINTON GROUP Ltd now owns 4,258 shares of the textile maker’s stock valued at $1,709,000 after acquiring an additional 2,377 shares during the period. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

Ralph Lauren Corporation (NYSE:RL) is a global lifestyle company that designs, markets, and distributes apparel, accessories, home furnishings, fragrances, and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Purple Label, Double RL, and other brands, which offer products across men’s, women’s, and children’s categories.

The company sells its products through company-operated stores, e-commerce platforms, department stores, specialty retailers, and selected third-party distributors.