Ralph Lauren Corporation (NYSE:RL) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Ralph Lauren Corporation (NYSE:RL) has received a consensus rating of "Moderate Buy" from twenty ratings firms, with average price target set at $311.41.
• Recent target price upgrades include a raise from $385.00 to $404.00 by UBS Group, while Telsey Advisory Group raised theirs from $335.00 to $350.00.
• The company reported $3.77 EPS for the latest quarter, surpassing analyst estimates, and announced a quarterly dividend of $0.9125 per share to be paid soon.

Shares of Ralph Lauren Corporation (NYSE:RL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $311.4118.

A number of brokerages have recently commented on RL. UBS Group raised their target price on shares of Ralph Lauren from $385.00 to $404.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Telsey Advisory Group raised their target price on shares of Ralph Lauren from $335.00 to $350.00 and gave the company an "outperform" rating in a research note on Wednesday. Barclays cut their target price on shares of Ralph Lauren from $360.00 to $353.00 and set an "overweight" rating on the stock in a research note on Wednesday. Zacks Research raised shares of Ralph Lauren to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th.

Institutional Investors Weigh In On Ralph Lauren

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its stake in Ralph Lauren by 4.2% during the 1st 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 during the period. Baader Bank Aktiengesellschaft increased its stake in Ralph Lauren by 3.4% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,367 shares of the textile maker's stock worth $300,000 after buying an additional 45 shares during the period. Coldstream Capital Management Inc. increased its stake in Ralph Lauren by 6.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 806 shares of the textile maker's stock worth $221,000 after buying an additional 48 shares during the period. Geneos Wealth Management Inc. increased its stake in Ralph Lauren by 57.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 143 shares of the textile maker's stock worth $39,000 after buying an additional 52 shares during the period. Finally, Modera Wealth Management LLC increased its stake in Ralph Lauren by 5.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,028 shares of the textile maker's stock worth $282,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 67.91% of the company's stock.

Ralph Lauren Stock Down 0.6%

Shares of RL opened at $311.98 on Friday. The firm has a market cap of $18.90 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The company's fifty day moving average is $298.68 and its two-hundred day moving average is $263.90. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $321.77. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its earnings results on Thursday, August 7th. The textile maker reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.50 by $0.27. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $2.70 EPS. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts forecast that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.9125 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $3.65 annualized dividend and a yield of 1.2%. Ralph Lauren's payout ratio is 29.15%.

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.

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