Brokerages Set Ralph Lauren Co. (NYSE:RL) Price Target at $228.09

Shares of Ralph Lauren Co. (NYSE:RL) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $228.09.

RL has been the subject of several research analyst reports. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. TD Cowen increased their price objective on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. UBS Group boosted their target price on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays increased their price target on shares of Ralph Lauren from $200.00 to $257.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a report on Thursday, October 17th.

Institutional Investors Weigh In On Ralph Lauren

Several large investors have recently modified their holdings of RL. Huntington National Bank lifted its position in shares of Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares during the period. True Wealth Design LLC lifted its holdings in Ralph Lauren by 8,933.3% during the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 268 shares during the last quarter. AM Squared Ltd bought a new position in shares of Ralph Lauren in the third quarter valued at approximately $58,000. Versant Capital Management Inc grew its position in Ralph Lauren by 333.3% during the 4th quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after acquiring an additional 270 shares during the last quarter. Finally, Quent Capital LLC increased its holdings in Ralph Lauren by 181.7% during the 3rd quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after purchasing an additional 258 shares in the last quarter. 67.91% of the stock is currently owned by institutional investors.

Ralph Lauren Stock Up 0.3 %

Shares of Ralph Lauren stock opened at $237.54 on Tuesday. The stock has a 50 day moving average price of $226.70 and a two-hundred day moving average price of $196.92. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 12-month low of $134.90 and a 12-month high of $245.92. The stock has a market capitalization of $14.75 billion, a P/E ratio of 22.64, a PEG ratio of 1.76 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. Equities analysts expect that Ralph Lauren will post 11.75 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s dividend payout ratio is 31.46%.

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