Ralph Lauren Corporation (NYSE:RL) has received a consensus rating of “Hold” from the twenty-three ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $87.37.

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Ralph Lauren Corporation in a research report on Tuesday, September 12th. Buckingham Research boosted their price objective on Ralph Lauren Corporation from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 13th. Barclays PLC assumed coverage on Ralph Lauren Corporation in a research report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 price objective for the company. Cowen and Company reissued a “hold” rating and set a $89.00 price objective on shares of Ralph Lauren Corporation in a research report on Sunday, September 17th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $88.00 price objective on shares of Ralph Lauren Corporation in a research report on Thursday, October 5th.

Shares of Ralph Lauren Corporation (NYSE:RL) traded up 0.08% during midday trading on Thursday, hitting $85.27. The company had a trading volume of 844,229 shares. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The firm’s market cap is $6.93 billion. The company’s 50 day moving average is $88.75 and its 200 day moving average is $79.33.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.15. Ralph Lauren Corporation had a positive return on equity of 13.80% and a negative net margin of 0.27%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. Equities analysts forecast that Ralph Lauren Corporation will post $5.34 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 paid a $0.50 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.35%. Ralph Lauren Corporation’s dividend payout ratio is currently -869.57%.

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Several hedge funds have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its stake in shares of Ralph Lauren Corporation by 0.3% in the 2nd quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock valued at $276,000 after purchasing an additional 12 shares during the period. Capstone Asset Management Co. grew its stake in shares of Ralph Lauren Corporation by 1.7% in the 2nd quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock valued at $272,000 after purchasing an additional 60 shares during the period. Mason Street Advisors LLC grew its stake in shares of Ralph Lauren Corporation by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 7,784 shares of the textile maker’s stock valued at $635,000 after purchasing an additional 80 shares during the period. Amalgamated Bank grew its stake in shares of Ralph Lauren Corporation by 2.1% in the 1st quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock valued at $327,000 after purchasing an additional 84 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Ralph Lauren Corporation by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 96 shares during the period. Institutional investors own 62.88% of the company’s stock.

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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