Shares of Ralph Lauren Corp (NYSE:RL) have been given a consensus rating of “Hold” by the twenty research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $126.00.
RL has been the topic of several recent research reports. Guggenheim reiterated a “hold” rating on shares of Ralph Lauren in a report on Thursday, November 7th. Atlantic Securities raised Ralph Lauren from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $135.00 to $138.00 in a research report on Tuesday, September 24th. They noted that the move was a valuation call. Barclays initiated coverage on Ralph Lauren in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $130.00 target price on the stock. Zacks Investment Research lowered Ralph Lauren from a “buy” rating to a “hold” rating and set a $126.00 target price on the stock. in a research report on Wednesday, January 8th. Finally, UBS Group lifted their target price on Ralph Lauren from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. They noted that the move was a valuation call.
Shares of RL stock opened at $119.68 on Thursday. The stock’s fifty day moving average is $115.58 and its 200-day moving average is $103.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.37 and a current ratio of 1.95. The stock has a market capitalization of $8.92 billion, a PE ratio of 16.65, a PEG ratio of 1.85 and a beta of 0.93. Ralph Lauren has a 52 week low of $82.69 and a 52 week high of $133.63.
Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 7th. The textile maker reported $2.55 EPS for the quarter, topping the consensus estimate of $2.39 by $0.16. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Ralph Lauren had a return on equity of 19.52% and a net margin of 7.08%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.26 earnings per share. As a group, analysts forecast that Ralph Lauren will post 7.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.6875 dividend. The ex-dividend date was Thursday, December 26th. This represents a $2.75 annualized dividend and a yield of 2.30%. Ralph Lauren’s dividend payout ratio (DPR) is presently 38.25%.
In related news, CFO Jane Nielsen sold 10,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $113.84, for a total value of $1,138,400.00. Following the completion of the sale, the chief financial officer now directly owns 65,308 shares in the company, valued at approximately $7,434,662.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Family L.L.C. Lauren sold 71,428 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $96.00, for a total value of $6,857,088.00. The disclosure for this sale can be found here. Insiders sold a total of 298,779 shares of company stock valued at $32,192,573 over the last 90 days. 34.26% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. increased its position in shares of Ralph Lauren by 40.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 515 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 148 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in Ralph Lauren by 28.8% in the second quarter. Point72 Hong Kong Ltd now owns 997 shares of the textile maker’s stock valued at $113,000 after acquiring an additional 223 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new position in Ralph Lauren in the fourth quarter valued at about $124,000. First Interstate Bank boosted its holdings in Ralph Lauren by 370.7% in the third quarter. First Interstate Bank now owns 1,139 shares of the textile maker’s stock valued at $109,000 after acquiring an additional 897 shares during the last quarter. Finally, Squar Milner Financial Services LLC boosted its holdings in Ralph Lauren by 11.6% in the third quarter. Squar Milner Financial Services LLC now owns 1,416 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 66.42% of the company’s stock.
About Ralph Lauren
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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