Ralph Lauren Co. (NYSE:RL) Receives $284.62 Consensus Target Price from Brokerages

Shares of Ralph Lauren Co. (NYSE:RL) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $284.62.

A number of equities research analysts have issued reports on the stock. Cowen reiterated a “buy” rating on shares of Ralph Lauren in a research note on Tuesday, February 4th. Raymond James lowered shares of Ralph Lauren from an “outperform” rating to a “market perform” rating in a research report on Monday, January 27th. Needham & Company LLC began coverage on shares of Ralph Lauren in a research report on Wednesday, February 12th. They set a “buy” rating and a $310.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Ralph Lauren from $285.00 to $342.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Jefferies Financial Group lifted their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

Hedge Funds Weigh In On Ralph Lauren

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of Ralph Lauren by 93.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 122 shares of the textile maker’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock worth $32,000 after buying an additional 127 shares during the period. Jones Financial Companies Lllp grew its position in shares of Ralph Lauren by 281.1% in the 4th quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after buying an additional 149 shares during the last quarter. Pinpoint Asset Management Ltd increased its stake in shares of Ralph Lauren by 22,500.0% in the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker’s stock valued at $52,000 after buying an additional 225 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Ralph Lauren by 8,933.3% during the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Stock Up 3.6 %

Shares of RL opened at $228.72 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $14.13 billion, a PE ratio of 20.87, a P/E/G ratio of 1.73 and a beta of 1.50. The firm’s 50 day moving average is $250.23 and its 200-day moving average is $227.18. Ralph Lauren has a 12 month low of $155.96 and a 12 month high of $289.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities research analysts forecast that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, March 28th. Ralph Lauren’s dividend payout ratio is currently 30.11%.

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.