Brokerages Set Ralph Lauren Co. (NYSE:RL) Target Price at $277.29

Ralph Lauren Co. (NYSE:RL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $277.29.

A number of equities analysts have recently issued reports on the company. BNP Paribas upgraded Ralph Lauren to a "strong-buy" rating in a research note on Thursday, January 23rd. UBS Group boosted their price target on Ralph Lauren from $300.00 to $335.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Telsey Advisory Group reiterated an "outperform" rating and issued a $315.00 price objective on shares of Ralph Lauren in a research note on Friday, May 16th. Needham & Company LLC restated a "buy" rating and set a $310.00 target price on shares of Ralph Lauren in a research report on Friday, May 16th. Finally, Citigroup decreased their price target on shares of Ralph Lauren from $282.00 to $219.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th.

Institutional Trading of Ralph Lauren

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its holdings in shares of Ralph Lauren by 4.2% during the first quarter. Kestra Private Wealth Services LLC now owns 1,045 shares of the textile maker's stock worth $231,000 after buying an additional 42 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its position in Ralph Lauren by 3.4% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker's stock worth $300,000 after acquiring an additional 45 shares during the last quarter. Mather Group LLC. boosted its position in Ralph Lauren by 4.1% during the fourth quarter. Mather Group LLC. now owns 1,182 shares of the textile maker's stock worth $273,000 after acquiring an additional 47 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Ralph Lauren by 93.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker's stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Ralph Lauren by 6.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,005 shares of the textile maker's stock valued at $231,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Down 2.0%

Shares of Ralph Lauren stock traded down $5.67 on Monday, reaching $274.53. The company's stock had a trading volume of 1,242,442 shares, compared to its average volume of 841,174. Ralph Lauren has a 52 week low of $155.96 and a 52 week high of $289.33. The firm's fifty day simple moving average is $225.00 and its two-hundred day simple moving average is $234.29. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.73 and a beta of 1.44.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $3.30 annualized dividend and a dividend yield of 1.20%. Ralph Lauren's dividend payout ratio is presently 30.11%.

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.