Ralph Lauren Co. (NYSE:RL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ralph Lauren Co. (NYSE:RL) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $223.90.

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Ralph Lauren from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays boosted their price target on Ralph Lauren from $200.00 to $257.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Cfra set a $171.00 target price on Ralph Lauren in a report on Thursday, October 17th. Finally, TD Cowen raised their price target on Ralph Lauren from $208.00 to $251.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Ralph Lauren Trading Up 3.9 %

RL opened at $231.40 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.72 and a debt-to-equity ratio of 0.40. Ralph Lauren has a 52 week low of $127.68 and a 52 week high of $237.16. The stock has a market cap of $14.37 billion, a PE ratio of 22.06, a PEG ratio of 1.78 and a beta of 1.49. The business has a 50 day moving average of $203.93 and a 200-day moving average of $184.33.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, beating the consensus estimate of $2.43 by $0.11. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. Equities research analysts predict that Ralph Lauren will post 11.71 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio (DPR) is 31.46%.

Institutional Trading of Ralph Lauren

A number of large investors have recently made changes to their positions in the stock. Boston Partners boosted its stake in shares of Ralph Lauren by 3.4% in the 1st quarter. Boston Partners now owns 1,255,482 shares of the textile maker’s stock worth $235,662,000 after buying an additional 41,482 shares during the last quarter. Pacer Advisors Inc. boosted its position in Ralph Lauren by 13.7% in the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock worth $221,007,000 after purchasing an additional 137,631 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ralph Lauren by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 949,512 shares of the textile maker’s stock valued at $183,787,000 after purchasing an additional 30,694 shares during the period. AQR Capital Management LLC increased its position in shares of Ralph Lauren by 158.1% during the 2nd quarter. AQR Capital Management LLC now owns 863,336 shares of the textile maker’s stock valued at $149,478,000 after purchasing an additional 528,778 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in shares of Ralph Lauren by 10.2% in the 3rd quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock worth $162,714,000 after purchasing an additional 78,008 shares during the period. 67.91% of the stock is currently owned by institutional investors.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.