BidaskClub upgraded shares of Ralph Lauren Corporation (NYSE:RL) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

RL has been the topic of several other research reports. Tigress Financial started coverage on shares of Ralph Lauren Corporation in a research note on Thursday, May 25th. They issued a neutral rating on the stock. Zacks Investment Research downgraded shares of Ralph Lauren Corporation from a hold rating to a sell rating in a research note on Wednesday, May 24th. Telsey Advisory Group restated an outperform rating and issued a $78.00 price objective (down previously from $82.00) on shares of Ralph Lauren Corporation in a research note on Friday, May 19th. Piper Jaffray Companies set a $66.00 price objective on shares of Ralph Lauren Corporation and gave the stock a sell rating in a research note on Friday, May 19th. Finally, Needham & Company LLC started coverage on shares of Ralph Lauren Corporation in a research note on Tuesday, July 18th. They issued a hold rating on the stock. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Ralph Lauren Corporation presently has a consensus rating of Hold and a consensus price target of $88.56.

Shares of Ralph Lauren Corporation (NYSE:RL) traded down 0.07% on Wednesday, hitting $83.78. 1,573,352 shares of the stock traded hands. The stock has a 50-day moving average price of $75.13 and a 200 day moving average price of $77.11. Ralph Lauren Corporation has a 12-month low of $66.06 and a 12-month high of $114.00. The stock’s market cap is $6.84 billion.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.15. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, analysts anticipate that Ralph Lauren Corporation will post $5.18 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.39%. Ralph Lauren Corporation’s payout ratio is presently -869.57%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gateway Investment Advisers LLC boosted its position in shares of Ralph Lauren Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 3,741 shares of the textile maker’s stock worth $276,000 after buying an additional 12 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Ralph Lauren Corporation by 1.7% in the second quarter. Capstone Asset Management Co. now owns 3,681 shares of the textile maker’s stock worth $272,000 after buying an additional 60 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Ralph Lauren Corporation by 0.6% in the first quarter. Sunbelt Securities Inc. now owns 13,204 shares of the textile maker’s stock worth $1,078,000 after buying an additional 74 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Ralph Lauren Corporation by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,784 shares of the textile maker’s stock worth $635,000 after buying an additional 80 shares during the last quarter. Finally, Amalgamated Bank boosted its position in shares of Ralph Lauren Corporation by 2.1% in the first quarter. Amalgamated Bank now owns 4,012 shares of the textile maker’s stock worth $327,000 after buying an additional 84 shares during the last quarter. 58.45% of the stock is owned by institutional investors.

Ralph Lauren Corporation 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.

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

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