Ralph Lauren (NYSE:RL) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Ralph Lauren shares crossed above their 200-day moving average, reaching $379.32 and last trading near $373.85, compared with a 200-day average of $369.57.
• Analyst sentiment remains broadly positive, with 15 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $449, despite recent downgrades from Wall Street Zen and Weiss Ratings.
• The company reported better-than-expected quarterly results, including $4.59 in EPS and $1.96 billion in revenue, while maintaining a quarterly dividend of $1.00 per share, equivalent to a 1.1% yield.

Shares of Ralph Lauren Corporation (NYSE:RL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $369.57 and traded as high as $379.32. Ralph Lauren shares last traded at $373.8530, with a volume of 320,311 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Ralph Lauren from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. UBS Group upped their price target on shares of Ralph Lauren from $511.00 to $520.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $446.00 price objective on Ralph Lauren in a research note on Friday, August 7th. Weiss Ratings downgraded Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $449.00.

Ralph Lauren Trading Up 0.2%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.42 and a current ratio of 2.04. The firm has a market capitalization of $22.27 billion, a PE ratio of 23.56, a P/E/G ratio of 1.40 and a beta of 1.34. The stock's 50-day simple moving average is $360.92 and its 200-day simple moving average is $369.57.

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

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were 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 was Friday, September 25th. Ralph Lauren's dividend payout ratio is presently 25.20%.

Institutional Trading of Ralph Lauren

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in 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 acquiring an additional 170,091 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Ralph Lauren by 65.7% in the first quarter. Bank of New York Mellon Corp now owns 415,919 shares of the textile maker's stock worth $143,072,000 after purchasing an additional 164,965 shares during the period. Engineers Gate Manager LP increased its stake in shares of Ralph Lauren by 1,002.1% during the fourth quarter. Engineers Gate Manager LP now owns 157,122 shares of the textile maker's stock valued at $55,560,000 after purchasing an additional 142,865 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ralph Lauren by 20.0% during the first 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 in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of 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 valued at $63,380,000 after purchasing an additional 110,575 shares in the last quarter. 67.91% of the stock is currently owned by hedge funds and other institutional investors.

Ralph Lauren Company Profile

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.

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