Shares of Ralph Lauren Corporation (NYSE:RL) have received an average rating of “Hold” from the twenty-five research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $88.77.
Several equities analysts recently weighed in on the stock. Cowen and Company restated a “hold” rating and set a $89.00 price target on shares of Ralph Lauren Corporation in a research report on Sunday, September 17th. Bank of America Corporation reiterated a “neutral” rating and set a $80.00 target price on shares of Ralph Lauren Corporation in a research report on Thursday, July 27th. Buckingham Research reiterated a “neutral” rating and set a $68.00 target price on shares of Ralph Lauren Corporation in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Tuesday, October 10th. Finally, BidaskClub upgraded shares of Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th.
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Ralph Lauren Corporation (NYSE RL) traded up $0.33 on Monday, reaching $86.63. 1,114,200 shares of the company traded hands, compared to its average volume of 1,577,466. The company has a market capitalization of $7,012.91, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.02 and a beta of 0.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00.
Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.09. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Ralph Lauren Corporation had a net margin of 1.29% and a return on equity of 14.06%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. equities analysts predict that Ralph Lauren Corporation will post 5.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, September 28th. Ralph Lauren Corporation’s dividend payout ratio is currently 206.19%.
In related news, insider Valerie Hermann sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total value of $218,928.00. Following the sale, the insider now directly owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 32.93% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Ralph Lauren Corporation by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 96 shares in the last quarter. Pacer Advisors Inc. raised its stake in Ralph Lauren Corporation by 12.0% in the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 238 shares in the last quarter. Exane Derivatives purchased a new position in shares of Ralph Lauren Corporation during the second quarter worth approximately $175,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Ralph Lauren Corporation during the third quarter worth approximately $205,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Ralph Lauren Corporation by 19.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the textile maker’s stock worth $248,000 after acquiring an additional 499 shares in the last quarter. 62.43% of the stock is currently owned by institutional investors and hedge funds.
About Ralph Lauren Corporation
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.
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