Ralph Lauren Corp (RL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ralph Lauren Corp (NYSE:RL) have earned a consensus recommendation of “Hold” from the twenty-five analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $88.17.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Ralph Lauren from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Bank of America lowered shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $100.14 to $80.00 in a report on Wednesday, December 13th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Cowen set a $95.00 price objective on shares of Ralph Lauren and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, TheStreet upgraded shares of Ralph Lauren from a “c” rating to a “b-” rating in a report on Monday, November 6th.

In other Ralph Lauren news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the transaction, the insider now owns 35,028 shares of the company’s stock, valued at approximately $3,195,254.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 32.93% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Ralph Lauren by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after buying an additional 96 shares during the last quarter. Norinchukin Bank The grew its position in shares of Ralph Lauren by 4.5% in the 2nd quarter. Norinchukin Bank The now owns 3,824 shares of the textile maker’s stock worth $282,000 after buying an additional 164 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Ralph Lauren by 2.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 18,875 shares of the textile maker’s stock worth $1,393,000 after buying an additional 532 shares during the last quarter. Sentry Investment Management LLC grew its position in shares of Ralph Lauren by 1.6% in the 2nd quarter. Sentry Investment Management LLC now owns 37,912 shares of the textile maker’s stock worth $2,798,000 after buying an additional 594 shares during the last quarter. Finally, Hosking Partners LLP grew its position in shares of Ralph Lauren by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 174,778 shares of the textile maker’s stock worth $15,431,000 after buying an additional 617 shares during the last quarter. 66.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ralph Lauren (NYSE:RL) traded up $2.96 on Friday, reaching $112.78. 1,074,168 shares of the company were exchanged, compared to its average volume of 822,266. Ralph Lauren has a one year low of $66.06 and a one year high of $112.89. The company has a market cap of $8,925.62, a price-to-earnings ratio of 116.27, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The company has a quick ratio of 1.55, a current ratio of 2.09 and a debt-to-equity ratio of 0.08.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Ralph Lauren had a net margin of 1.29% and a return on equity of 14.06%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $1.90 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. equities analysts predict that Ralph Lauren will post 5.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, December 28th. Ralph Lauren’s dividend payout ratio (DPR) is 206.19%.

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Ralph Lauren Company Profile

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 (NYSE:RL)

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