Ralph Lauren Corporation (NYSE:RL) Receives $375.29 Average Price Target from Brokerages

Ralph Lauren Corporation (NYSE:RL) has been given an average rating of “Moderate Buy” by the twenty brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $375.3529.

Several analysts recently issued reports on RL shares. Telsey Advisory Group reiterated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft set a $422.00 price objective on shares of Ralph Lauren in a report on Thursday, January 8th. Wells Fargo & Company boosted their target price on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Ralph Lauren from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th.

Institutional Trading of Ralph Lauren

Several hedge funds have recently modified their holdings of the company. Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren in the fourth quarter valued at $29,000. JPL Wealth Management LLC purchased a new stake in Ralph Lauren during the third quarter valued at $27,000. Hantz Financial Services Inc. lifted its position in Ralph Lauren by 1,228.6% during the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 86 shares during the last quarter. Rothschild Investment LLC lifted its position in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Ralph Lauren in the 4th quarter worth $35,000. 67.91% of the stock is owned by hedge funds and other institutional investors.

Ralph Lauren Stock Down 1.3%

Shares of RL stock opened at $352.97 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.04 and a quick ratio of 1.35. Ralph Lauren has a one year low of $176.61 and a one year high of $380.00. The company’s fifty day moving average price is $361.58 and its 200-day moving average price is $328.01. The company has a market capitalization of $21.40 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.59 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.Ralph Lauren’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.54 EPS. Sell-side analysts expect that Ralph Lauren will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.9125 dividend. This represents a $3.65 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s payout ratio is currently 26.98%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.