Ralph Lauren (NYSE:RL) Reaches New 1-Year High - Still a Buy?

Key Points

• Ralph Lauren's stock price hit a new 52-week high of $330.64, with a recent trading volume of 142,615 shares.
• Multiple analysts have raised their price targets for Ralph Lauren, with estimates ranging from $345.00 to $400.00 and a consensus rating of "Moderate Buy."
• The company reported $3.77 earnings per share for the last quarter, exceeding expectations and showing a 13.7% increase in revenue compared to the previous year.

Ralph Lauren Corporation (NYSE:RL - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $330.64 and last traded at $330.03, with a volume of 142615 shares changing hands. The stock had previously closed at $327.76.

Analyst Ratings Changes

A number of research firms recently commented on RL. TD Cowen upped their price target on shares of Ralph Lauren from $354.00 to $399.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. BTIG Research assumed coverage on shares of Ralph Lauren in a research report on Tuesday, October 14th. They set a "buy" rating and a $400.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $320.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. Finally, Evercore ISI boosted their price objective on shares of Ralph Lauren from $320.00 to $335.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ralph Lauren has a consensus rating of "Moderate Buy" and an average target price of $333.94.

Ralph Lauren Stock Up 1.5%

The stock's 50-day moving average price is $307.91 and its two-hundred day moving average price is $277.18. The stock has a market capitalization of $20.15 billion, a PE ratio of 26.57, a P/E/G ratio of 1.63 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 released its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.50 by $0.27. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.65 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. The company's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 EPS. As a group, analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Announces Dividend

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

Hedge Funds Weigh In On Ralph Lauren

Hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in Ralph Lauren by 1,228.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker's stock worth $26,000 after purchasing an additional 86 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Ralph Lauren in the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new position in Ralph Lauren in the 2nd quarter worth about $32,000. Banque Transatlantique SA bought a new position in Ralph Lauren in the 1st quarter worth about $33,000. Finally, Brooklyn Investment Group boosted its stake in Ralph Lauren by 180.3% in the 1st quarter. Brooklyn Investment Group now owns 171 shares of the textile maker's stock worth $38,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 67.91% of the company's stock.

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.

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