Barclays PLC initiated coverage on shares of Ralph Lauren Corporation (NYSE:RL) in a research note issued to investors on Tuesday morning. The firm issued an underweight rating on the textile maker’s stock.

Several other research analysts have also weighed in on the stock. Cowen and Company reissued a hold rating and set a $80.00 price objective (up from $78.00) on shares of Ralph Lauren Corporation in a report on Tuesday, July 18th. BidaskClub raised shares of Ralph Lauren Corporation from a hold rating to a buy rating in a report on Wednesday, June 28th. Piper Jaffray Companies reissued a sell rating and set a $66.00 price objective on shares of Ralph Lauren Corporation in a report on Friday, July 14th. Royal Bank Of Canada reissued a hold rating and set a $75.00 price objective on shares of Ralph Lauren Corporation in a report on Friday, July 7th. Finally, ValuEngine lowered shares of Ralph Lauren Corporation from a buy rating to a hold rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ralph Lauren Corporation has a consensus rating of Hold and an average price target of $91.49.

Ralph Lauren Corporation (NYSE RL) opened at 91.03 on Tuesday. The company’s 50 day moving average is $86.13 and its 200-day moving average is $78.34. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00. The firm’s market cap is $7.40 billion.

Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.15. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS. Equities analysts expect that Ralph Lauren Corporation will post $5.32 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.20%. Ralph Lauren Corporation’s dividend payout ratio is presently -869.57%.

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Ralph Lauren Corporation by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after buying an additional 96 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Ralph Lauren Corporation during the 1st quarter worth about $110,000. Daiwa Securities Group Inc. raised its position in shares of Ralph Lauren Corporation by 21.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after buying an additional 300 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Ralph Lauren Corporation by 97.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after buying an additional 979 shares in the last quarter. Finally, Engine Capital Management LLC bought a new stake in shares of Ralph Lauren Corporation during the 1st quarter worth about $163,000. Hedge funds and other institutional investors own 62.88% of the company’s stock.

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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