Ralph Lauren Corporation (NYSE:RL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ralph Lauren Corporation (NYSE:RL) have received an average rating of “Moderate Buy” from the twenty-one brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $375.2941.

A number of brokerages recently weighed in on RL. BTIG Research assumed coverage on Ralph Lauren in a research note on Tuesday, October 14th. They issued a “buy” rating and a $400.00 price target on the stock. UBS Group boosted their price target on shares of Ralph Lauren from $435.00 to $473.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Barclays reaffirmed an “overweight” rating and issued a $409.00 price objective on shares of Ralph Lauren in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft set a $422.00 target price on shares of Ralph Lauren in a research note on Thursday, January 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $435.00 target price on shares of Ralph Lauren in a research report on Wednesday, December 17th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Aventura Private Wealth LLC acquired a new stake in Ralph Lauren during the 4th quarter valued at $29,000. JPL Wealth Management LLC bought a new stake in shares of Ralph Lauren during the third quarter worth $27,000. Hantz Financial Services Inc. increased its stake 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 valued at $26,000 after buying an additional 86 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of Ralph Lauren by 61.3% in the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after buying an additional 38 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Ralph Lauren during the 4th quarter worth about $35,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Trading Up 0.9%

Shares of NYSE:RL opened at $367.12 on Friday. The company has a market cap of $22.26 billion, a PE ratio of 27.13, a P/E/G ratio of 1.62 and a beta of 1.49. The company’s 50-day moving average price is $359.84 and its 200 day moving average price is $326.30. Ralph Lauren has a fifty-two week low of $176.61 and a fifty-two week high of $380.00. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 0.57.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.34. Ralph Lauren had a net margin of 11.28% and a return on equity of 36.18%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm posted $2.54 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts anticipate that Ralph Lauren will post 12.01 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s payout ratio is presently 26.98%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.