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

Key Points

• Ralph Lauren has a “Moderate Buy” consensus rating: Sixteen of 18 analysts recommend buying the stock, while two suggest holding it. The average 12-month price target is $445.67.
• The company beat quarterly expectations, reporting EPS of $4.59 versus the $4.32 consensus and revenue of $1.96 billion versus $1.87 billion expected. Revenue increased 13.9% year over year.
• Ralph Lauren raised its quarterly dividend to $1.00 per share, or $4.00 annually, yielding about 1.0%; institutional investors own approximately 67.91% of the stock.

Ralph Lauren Corporation (NYSE:RL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $445.6667.

A number of analysts have weighed in on the stock. Weiss Ratings downgraded shares of Ralph Lauren from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, May 15th. Evercore restated an "outperform" rating and issued a $460.00 price target on shares of Ralph Lauren in a research report on Friday. Wall Street Zen raised shares of Ralph Lauren from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Raymond James Financial reiterated an "outperform" rating and set a $425.00 price objective on shares of Ralph Lauren in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ralph Lauren from $434.00 to $452.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 4th.

Ralph Lauren Stock Down 2.3%

Shares of RL opened at $397.69 on Wednesday. The company has a market capitalization of $23.67 billion, a PE ratio of 25.06, a PEG ratio of 1.54 and a beta of 1.35. The stock's 50-day moving average price is $390.03 and its two-hundred day moving average price is $368.96. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. Ralph Lauren has a 12 month low of $283.50 and a 12 month high of $421.60.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The textile maker reported $4.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.32 by $0.27. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 39.10% and a net margin of 11.76%.The firm's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $3.77 earnings per share. On average, analysts anticipate that Ralph Lauren will post 18.67 EPS for the current year.

Ralph Lauren Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.0%. This is an increase from Ralph Lauren's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, June 26th. Ralph Lauren's payout ratio is currently 25.20%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ralph Lauren by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,432 shares of the textile maker's stock worth $758,000 after purchasing an additional 174 shares during the period. Empowered Funds LLC lifted its stake in Ralph Lauren by 0.9% in the first quarter. Empowered Funds LLC now owns 12,334 shares of the textile maker's stock valued at $2,723,000 after buying an additional 114 shares during the period. Woodline Partners LP lifted its stake in Ralph Lauren by 39.5% in the first quarter. Woodline Partners LP now owns 3,369 shares of the textile maker's stock valued at $744,000 after buying an additional 954 shares during the period. Focus Partners Wealth boosted its holdings in shares of Ralph Lauren by 29.5% during the 1st quarter. Focus Partners Wealth now owns 3,812 shares of the textile maker's stock worth $841,000 after buying an additional 869 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Ralph Lauren during the 2nd quarter worth approximately $386,000. 67.91% of the stock is owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation NYSE: RL is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men's neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren's product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

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