Ralph Lauren Corporation (NYSE:RL) has received a consensus rating of “Hold” from the twenty-three research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $89.46.

RL has been the subject of a number of recent research reports. Macquarie upgraded shares of Ralph Lauren Corporation to a “buy” rating and upped their price objective for the stock from $96.00 to $100.00 in a report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “hold” rating and issued a $75.00 price objective on shares of Ralph Lauren Corporation in a report on Friday, July 7th. Piper Jaffray Companies reiterated a “sell” rating and issued a $66.00 price objective on shares of Ralph Lauren Corporation in a report on Friday, July 14th. Atlantic Securities upgraded shares of Ralph Lauren Corporation from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $68.00 to $93.00 in a report on Wednesday, August 9th. Finally, UBS AG reiterated a “positive” rating and issued a $90.00 price objective (up from $73.00) on shares of Ralph Lauren Corporation in a report on Wednesday, August 9th.

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Several institutional investors and hedge funds have recently made changes to their positions in RL. BlackRock Inc. raised its position in shares of Ralph Lauren Corporation by 3,678.8% during the first quarter. BlackRock Inc. now owns 4,583,697 shares of the textile maker’s stock valued at $374,123,000 after buying an additional 4,462,396 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Ralph Lauren Corporation by 378.0% during the second quarter. Bank of New York Mellon Corp now owns 4,400,915 shares of the textile maker’s stock valued at $324,786,000 after buying an additional 3,480,135 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Ralph Lauren Corporation by 113.7% during the first quarter. JPMorgan Chase & Co. now owns 2,469,782 shares of the textile maker’s stock valued at $201,582,000 after buying an additional 1,314,237 shares during the last quarter. International Value Advisers LLC acquired a new position in shares of Ralph Lauren Corporation during the first quarter valued at about $82,868,000. Finally, Vanguard Group Inc. raised its position in shares of Ralph Lauren Corporation by 9.5% during the first quarter. Vanguard Group Inc. now owns 5,708,885 shares of the textile maker’s stock valued at $465,959,000 after buying an additional 495,685 shares during the last quarter. 62.89% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Corporation (NYSE:RL) traded up 0.06% on Friday, reaching $90.87. The company’s stock had a trading volume of 1,070,443 shares. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00. The stock has a 50 day moving average price of $85.26 and a 200-day moving average price of $78.21. The company’s market capitalization is $7.38 billion.

Ralph Lauren Corporation (NYSE:RL) last issued its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.15. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. Ralph Lauren Corporation’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. Equities analysts predict that Ralph Lauren Corporation will post $5.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. Ralph Lauren Corporation’s dividend payout ratio is currently -869.57%.

About Ralph Lauren Corporation

Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

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