Ralph Lauren Co. (NYSE:RL) Given Consensus Rating of “Moderate Buy” by Analysts

Ralph Lauren Co. (NYSE:RL) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $189.00.

Several equities research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Ralph Lauren from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. TD Cowen increased their target price on Ralph Lauren from $193.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, September 26th. Finally, Argus restated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, July 2nd.

Institutional Trading of Ralph Lauren

Large investors have recently added to or reduced their stakes in the company. Bridgefront Capital LLC boosted its stake in Ralph Lauren by 251.5% during the fourth quarter. Bridgefront Capital LLC now owns 12,330 shares of the textile maker’s stock worth $1,778,000 after buying an additional 8,822 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Ralph Lauren by 11.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 63,743 shares of the textile maker’s stock worth $11,968,000 after acquiring an additional 6,378 shares during the last quarter. Bessemer Group Inc. increased its stake in Ralph Lauren by 708.2% in the first quarter. Bessemer Group Inc. now owns 9,020 shares of the textile maker’s stock worth $1,694,000 after purchasing an additional 7,904 shares during the period. Artemis Investment Management LLP boosted its stake in shares of Ralph Lauren by 11,052.5% during the first quarter. Artemis Investment Management LLP now owns 177,548 shares of the textile maker’s stock valued at $33,325,000 after purchasing an additional 175,956 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Ralph Lauren by 124.3% in the first quarter. Sei Investments Co. now owns 32,173 shares of the textile maker’s stock worth $6,041,000 after purchasing an additional 17,827 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Performance

NYSE:RL opened at $196.17 on Friday. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.58 and a beta of 1.49. Ralph Lauren has a 1-year low of $108.60 and a 1-year high of $200.17. The business has a 50 day moving average of $175.27 and a 200 day moving average of $174.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $2.34 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts predict that Ralph Lauren will post 11.23 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, September 27th. Ralph Lauren’s payout ratio is currently 33.95%.

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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.