Ralph Lauren Corporation (NYSE:RL) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Ralph Lauren Corporation has received a consensus rating of "Moderate Buy" from 22 analysts, with 16 issuing buy ratings and one a sell rating.
• The company's stock opened at $318.16, with a one-year price range of $176.61 to $330.11, and it has a market cap of approximately $19.27 billion.
• Ralph Lauren recently announced a quarterly dividend of $0.9125, leading to an annualized dividend yield of 1.1% and a payout ratio of 29.15%.

Shares of Ralph Lauren Corporation (NYSE:RL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $324.8889.

A number of analysts have recently commented on RL shares. Cowen restated a "buy" rating on shares of Ralph Lauren in a report on Tuesday, September 30th. Wall Street Zen upgraded Ralph Lauren from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Zacks Research upgraded Ralph Lauren to a "strong-buy" rating in a report on Tuesday, August 12th. Jefferies Financial Group upped their price objective on Ralph Lauren from $325.00 to $365.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Finally, UBS Group boosted their price objective on shares of Ralph Lauren from $385.00 to $404.00 and gave the stock a "buy" rating in a research note on Friday, August 8th.

Ralph Lauren Price Performance

Ralph Lauren stock opened at $318.16 on Thursday. Ralph Lauren has a 1 year low of $176.61 and a 1 year high of $330.11. The firm has a 50 day moving average price of $306.33 and a 200 day moving average price of $274.96. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.59 and a beta of 1.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The textile maker reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.27. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The business's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.70 EPS. Sell-side analysts predict that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a $0.9125 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren's dividend payout ratio is presently 29.15%.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently made changes to their positions in RL. Hantz Financial Services Inc. increased its position in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker's stock worth $26,000 after acquiring an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Ralph Lauren in the second quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in shares of Ralph Lauren in the second quarter worth $32,000. Banque Transatlantique SA acquired a new stake in shares of Ralph Lauren in the first quarter worth $33,000. Finally, Brooklyn Investment Group boosted its stake in shares of Ralph Lauren by 180.3% in the first quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock valued at $38,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 67.91% of the company's stock.

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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