Ralph Lauren Corp. (RL) Earns Buy Rating from Analysts at Credit Agricole SA
Equities researchers at Credit Agricole SA started coverage on shares of Ralph Lauren Corp. (NYSE:RL) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $125.00 price target on the stock. Credit Agricole SA’s target price points to a potential upside of 27.63% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Ralph Lauren Corp. from a “sell” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Friday, August 12th. Cowen and Company reissued a “market perform” rating and set a $101.00 price objective (up from $98.00) on shares of Ralph Lauren Corp. in a report on Saturday, August 13th. Deutsche Bank AG reissued a “hold” rating and set a $95.00 price objective (up from $85.00) on shares of Ralph Lauren Corp. in a report on Wednesday, August 10th. Citigroup Inc. lifted their price target on Ralph Lauren Corp. from $107.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Goldman Sachs Group Inc. lifted their price target on Ralph Lauren Corp. from $113.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $110.49.
Ralph Lauren Corp. (NYSE:RL) traded up 0.60% during trading on Wednesday, hitting $97.94. 453,356 shares of the stock traded hands. Ralph Lauren Corp. has a one year low of $82.15 and a one year high of $137.38. The stock has a market cap of $8.06 billion, a PE ratio of 26.77 and a beta of 1.11. The company has a 50-day moving average price of $103.50 and a 200 day moving average price of $96.62.
Ralph Lauren Corp. (NYSE:RL) last issued its earnings results on Wednesday, August 10th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The firm earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ralph Lauren Corp. had a return on equity of 14.50% and a net margin of 4.22%. Ralph Lauren Corp.’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. Analysts expect that Ralph Lauren Corp. will post $5.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.04%. Ralph Lauren Corp.’s dividend payout ratio is presently 55.25%.
Several institutional investors have recently modified their holdings of the stock. Kazazian Asset Management LLC acquired a new position in shares of Ralph Lauren Corp. during the first quarter valued at about $111,000. Investment Counselors of Maryland LLC acquired a new position in shares of Ralph Lauren Corp. during the second quarter valued at about $141,000. Trust Department MB Financial Bank N A raised its position in shares of Ralph Lauren Corp. by 795.2% in the second quarter. Trust Department MB Financial Bank N A now owns 1,128 shares of the company’s stock valued at $149,000 after buying an additional 1,002 shares in the last quarter. Exane Derivatives raised its position in shares of Ralph Lauren Corp. by 15.8% in the first quarter. Exane Derivatives now owns 1,583 shares of the company’s stock valued at $152,000 after buying an additional 216 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Ralph Lauren Corp. by 154.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,044 shares of the company’s stock valued at $183,000 after buying an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 63.74% of the company’s stock.
Ralph Lauren Corp. 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.
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