Analysts Set Ralph Lauren Corp. (RL) PT at $111.35
Shares of Ralph Lauren Corp. (NYSE:RL) have been assigned an average recommendation of “Hold” from the twenty-five research firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $111.35.
A number of analysts have commented on RL shares. Vetr cut Ralph Lauren Corp. from a “strong-buy” rating to a “buy” rating and set a $101.29 price target for the company. in a research report on Thursday, July 7th. Goldman Sachs Group Inc. upped their price target on Ralph Lauren Corp. from $113.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Citigroup Inc. upped their price objective on Ralph Lauren Corp. from $107.00 to $117.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. 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 research note on Friday, August 12th. Finally, Credit Agricole SA started coverage on Ralph Lauren Corp. in a research note on Wednesday, September 28th. They issued a “buy” rating and a $125.00 price objective for the company.
Ralph Lauren Corp. (NYSE:RL) opened at 99.69 on Tuesday. The company’s 50 day moving average price is $101.45 and its 200-day moving average price is $96.95. Ralph Lauren Corp. has a one year low of $82.15 and a one year high of $137.38. The stock has a market capitalization of $8.20 billion, a PE ratio of 27.25 and a beta of 1.17.
Ralph Lauren Corp. (NYSE:RL) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The business 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%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. Analysts expect that Ralph Lauren Corp. will post $5.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.01%. Ralph Lauren Corp.’s payout ratio is currently 55.25%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its position in Ralph Lauren Corp. by 27.5% in the third quarter. MSI Financial Services Inc now owns 1,621 shares of the company’s stock valued at $164,000 after buying an additional 350 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Ralph Lauren Corp. during the third quarter valued at approximately $233,000. BNP Paribas Arbitrage SA increased its position in Ralph Lauren Corp. by 8.3% in the third quarter. BNP Paribas Arbitrage SA now owns 85,239 shares of the company’s stock valued at $8,621,000 after buying an additional 6,551 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Ralph Lauren Corp. during the second quarter valued at approximately $206,000. Finally, Kentucky Retirement Systems purchased a new position in Ralph Lauren Corp. during the second quarter valued at approximately $435,000. Institutional investors 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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