Ralph Lauren Co. (NYSE:RL) Receives $276.55 Average Target Price from Analysts

Shares of Ralph Lauren Co. (NYSE:RL) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $279.33.

A number of research analysts recently issued reports on the company. Guggenheim boosted their price objective on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price target on shares of Ralph Lauren from $225.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Argus upgraded shares of 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. Cfra set a $171.00 target price on shares of Ralph Lauren in a research report on Thursday, October 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Ralph Lauren in a report on Tuesday, February 4th.

Ralph Lauren Stock Up 0.3 %

RL stock opened at $273.03 on Friday. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.03 and a beta of 1.49. Ralph Lauren has a 1-year low of $155.96 and a 1-year high of $289.33. The firm has a fifty day moving average price of $241.31 and a two-hundred day moving average price of $208.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 1.18.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a net margin of 10.14% and a return on equity of 30.88%. Research analysts predict that Ralph Lauren will post 11.73 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $3.30 annualized dividend and a dividend yield of 1.21%. Ralph Lauren’s dividend payout ratio (DPR) is 30.11%.

Institutional Investors Weigh In On Ralph Lauren

Hedge funds and other institutional investors have recently bought and sold shares of the business. ExodusPoint Capital Management LP acquired a new position in Ralph Lauren in the fourth quarter worth approximately $1,883,000. Geode Capital Management LLC grew its holdings in shares of Ralph Lauren by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 968,776 shares of the textile maker’s stock worth $223,513,000 after acquiring an additional 19,264 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Ralph Lauren by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 86,949 shares of the textile maker’s stock worth $20,083,000 after purchasing an additional 2,404 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Ralph Lauren by 4.3% during the fourth quarter. Alliancebernstein L.P. now owns 57,233 shares of the textile maker’s stock valued at $13,220,000 after purchasing an additional 2,369 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Ralph Lauren in the 4th quarter valued at $404,000. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

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.