Ralph Lauren Corporation (NYSE:RL) Receives $388.19 Average PT from Analysts

Shares of Ralph Lauren Corporation (NYSE:RL) have been given an average rating of “Moderate Buy” by the twenty analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $388.1875.

RL has been the topic of a number of research analyst reports. BTIG Research boosted their target price on Ralph Lauren from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Barclays set a $416.00 price objective on shares of Ralph Lauren and gave the company an “overweight” rating in a research note on Friday, February 6th. Telsey Advisory Group restated an “outperform” rating and set a $435.00 target price on shares of Ralph Lauren in a research report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ralph Lauren in a research report on Thursday, January 22nd.

Ralph Lauren Trading Up 2.2%

Shares of RL opened at $385.06 on Wednesday. Ralph Lauren has a twelve month low of $176.61 and a twelve month high of $389.15. The company has a current ratio of 2.10, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $23.31 billion, a P/E ratio of 26.21, a PEG ratio of 1.50 and a beta of 1.49. The firm’s 50-day moving average is $362.12 and its two-hundred day moving average is $336.12.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, February 5th. The textile maker reported $6.22 EPS for the quarter, topping the consensus estimate of $5.80 by $0.42. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the company earned $4.82 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a dividend of $0.9125 per share. This represents a $3.65 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, December 26th. Ralph Lauren’s dividend payout ratio is 24.85%.

Insider Buying and Selling at Ralph Lauren

In other news, CEO Patrice Louvet sold 47,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $354.22, for a total value of $16,648,340.00. Following the sale, the chief executive officer directly owned 85,552 shares in the company, valued at $30,304,229.44. This represents a 35.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 38.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Compound Planning Inc. grew its holdings in shares of Ralph Lauren by 8.2% during the fourth quarter. Compound Planning Inc. now owns 1,825 shares of the textile maker’s stock worth $645,000 after buying an additional 139 shares in the last quarter. Invesco Ltd. boosted its position in Ralph Lauren by 26.2% during the fourth quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after acquiring an additional 275,263 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in Ralph Lauren in the 4th quarter worth approximately $1,557,000. Corient Private Wealth LLC raised its holdings in Ralph Lauren by 3,098.2% in the 4th quarter. Corient Private Wealth LLC now owns 244,565 shares of the textile maker’s stock valued at $86,481,000 after acquiring an additional 236,918 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Ralph Lauren by 47.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,828 shares of the textile maker’s stock valued at $5,243,000 after acquiring an additional 4,797 shares during the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

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.