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

Key Points

• Analysts maintain a bullish view: Ralph Lauren has a consensus “Moderate Buy” rating, with 15 buy ratings and two holds. The average 12-month price target is $449, while several firms recently raised their targets.
• Quarterly results exceeded expectations: The company reported EPS of $4.59 versus the $4.32 consensus estimate and revenue of $1.96 billion, up 13.9% year over year.
• Institutional ownership increased: Major investors including Wellington Management, Bank of New York Mellon and CalPERS expanded their positions; institutions collectively own 67.91% of Ralph Lauren’s shares. The company also pays a $4.00 annualized dividend, yielding about 1.1%.

Ralph Lauren Corporation (NYSE:RL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $449.00.

Several equities research analysts have recently commented on the stock. BTIG Research boosted their price target on shares of Ralph Lauren from $450.00 to $460.00 and gave the company a "buy" rating in a report on Friday, August 7th. UBS Group lifted their price objective on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a "buy" rating in a report on Friday, August 7th. Raymond James Financial reaffirmed an "outperform" rating and set a $425.00 target price on shares of Ralph Lauren in a research report on Friday, August 7th. Needham & Company LLC lifted their price target on Ralph Lauren from $405.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Telsey Advisory Group boosted their price target on Ralph Lauren from $460.00 to $470.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in shares of Ralph Lauren by 55.5% during the second quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker's stock worth $191,261,000 after buying an additional 170,091 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Ralph Lauren by 65.7% in the 1st quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker's stock valued at $143,072,000 after acquiring an additional 164,965 shares during the period. First Trust Advisors LP lifted its holdings in Ralph Lauren by 20.0% during the 1st quarter. First Trust Advisors LP now owns 703,637 shares of the textile maker's stock valued at $242,044,000 after purchasing an additional 117,412 shares during the last quarter. California Public Employees Retirement System lifted its position in Ralph Lauren by 150.1% during the first quarter. California Public Employees Retirement System now owns 184,249 shares of the textile maker's stock worth $63,380,000 after acquiring an additional 110,575 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ralph Lauren in the third quarter valued at approximately $25,987,000. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Stock Up 0.1%

RL opened at $377.84 on Monday. The company has a market capitalization of $22.51 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The firm has a 50-day simple moving average of $358.99 and a two-hundred day simple moving average of $371.76. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. Ralph Lauren has a 52 week low of $306.55 and a 52 week high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.27. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.77 earnings per share. Analysts forecast that Ralph Lauren will post 18.79 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 25th. Ralph Lauren's payout ratio is 25.20%.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.