Ralph Lauren Corporation (NYSE:RL) Stock Has Consensus Price Target of $449.00 According to Brokerages

Ralph Lauren Corporation (NYSE:RL) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $449.07.

Several equities research analysts have recently commented on RL shares. Raymond James Financial reissued an “outperform” rating and issued a $425.00 price objective on shares of Ralph Lauren in a report on Friday, August 7th. Citigroup upped their price target on shares of Ralph Lauren from $400.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $460.00 price target on shares of Ralph Lauren in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their target price on Ralph Lauren from $434.00 to $452.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, Barclays lifted their price target on shares of Ralph Lauren from $439.00 to $463.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Ralph Lauren Stock Performance

Shares of RL stock opened at $389.10 on Monday. The company’s fifty day simple moving average is $360.16 and its 200-day simple moving average is $366.73. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53. The firm has a market cap of $23.18 billion, a PE ratio of 24.52, a P/E/G ratio of 1.42 and a beta of 1.34. Ralph Lauren has a 12 month low of $306.55 and a 12 month high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, topping the consensus estimate of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company posted $3.77 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that Ralph Lauren will post 18.79 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Ralph Lauren’s dividend payout ratio is presently 25.20%.

Hedge Funds Weigh In On Ralph Lauren

A number of large investors have recently modified their holdings of RL. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Ralph Lauren in the second quarter worth approximately $3,225,000. Public Employees Retirement System of Ohio bought a new stake in Ralph Lauren in the 2nd quarter worth approximately $11,573,000. Wellington Management Group LLP raised its stake in Ralph Lauren by 55.5% during the 2nd quarter. Wellington Management Group LLP now owns 476,472 shares of the textile maker’s stock valued at $191,261,000 after buying an additional 170,091 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Ralph Lauren by 73.1% during the 1st quarter. Meeder Asset Management Inc. now owns 35,025 shares of the textile maker’s stock valued at $12,048,000 after buying an additional 14,788 shares during the period. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Ralph Lauren in the 2nd quarter worth $1,512,000. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global luxury lifestyle company founded by Ralph Lauren in 1967. The company designs, markets and distributes apparel, accessories, home furnishings, fragrances and related products under a portfolio of brands that includes Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label and Double RL.

Ralph Lauren serves men, women and children through a combination of directly operated stores, digital commerce, wholesale distribution and licensing arrangements.