Ralph Lauren Corporation (NYSE:RL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ralph Lauren Corporation (NYSE:RL) have been assigned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $400.3125.

Several equities analysts recently commented on the stock. Argus boosted their price objective on shares of Ralph Lauren from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research note on Thursday, February 5th. Jefferies Financial Group reduced their price target on shares of Ralph Lauren from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Evercore set a $420.00 price target on shares of Ralph Lauren and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, BTIG Research increased their price objective on Ralph Lauren from $435.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of Ralph Lauren stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total transaction of $16,648,340.00. Following the completion of the sale, the chief executive officer owned 85,552 shares in the company, valued at approximately $30,304,229.44. This trade represents a 35.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 38.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ralph Lauren by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker’s stock worth $758,000 after buying an additional 174 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Ralph Lauren by 0.9% during the 1st quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker’s stock worth $2,723,000 after acquiring an additional 114 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Ralph Lauren by 39.5% during the 1st quarter. Woodline Partners LP now owns 3,369 shares of the textile maker’s stock worth $744,000 after acquiring an additional 954 shares during the last quarter. Focus Partners Wealth grew its position in Ralph Lauren by 29.5% in the first quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker’s stock worth $841,000 after acquiring an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Ralph Lauren in the second quarter worth $386,000. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Performance

Shares of RL opened at $358.08 on Monday. Ralph Lauren has a 52-week low of $246.72 and a 52-week high of $393.41. The stock’s 50-day simple moving average is $357.09 and its 200 day simple moving average is $354.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The stock has a market capitalization of $21.68 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, February 5th. The textile maker reported $6.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $4.82 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that Ralph Lauren will post 16.27 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, March 27th. Ralph Lauren’s dividend payout ratio is currently 24.85%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.