Ralph Lauren Co. (NYSE:RL) Receives $228.09 Consensus PT from Analysts

Ralph Lauren Co. (NYSE:RL) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $228.09.

Several equities research analysts recently issued reports on the company. Raymond James boosted their price objective on Ralph Lauren from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barclays increased their target price 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. Cfra set a $171.00 price target on shares of Ralph Lauren in a research note on Thursday, October 17th. Finally, Argus raised Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Tuesday, December 31st.

Ralph Lauren Price Performance

Shares of RL opened at $240.31 on Tuesday. The firm has a 50-day simple moving average of $227.58 and a two-hundred day simple moving average of $198.32. The stock has a market cap of $14.92 billion, a PE ratio of 22.91, a P/E/G ratio of 1.76 and a beta of 1.49. Ralph Lauren has a 1-year low of $134.90 and a 1-year high of $245.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.72 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last posted its earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm earned $2.10 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts forecast that Ralph Lauren will post 11.75 EPS for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Institutional Trading of Ralph Lauren

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Ralph Lauren by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after buying an additional 137,631 shares during the last quarter. Geode Capital Management LLC boosted its stake in Ralph Lauren by 3.3% in the third quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after acquiring an additional 30,694 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ralph Lauren by 158.1% during the second quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock worth $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Holocene Advisors LP increased its position in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Ralph Lauren by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 520,393 shares of the textile maker’s stock valued at $100,889,000 after purchasing an additional 60,610 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.