Shares of Ralph Lauren Corp (NYSE:RL) have been assigned an average recommendation of “Hold” from the twenty-one research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $129.40.

RL has been the topic of a number of research reports. Telsey Advisory Group restated a “market perform” rating and set a $155.00 price target (up previously from $125.00) on shares of Ralph Lauren in a research report on Saturday, June 2nd. Credit Suisse Group raised their price target on Ralph Lauren from $135.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Guggenheim restated a “hold” rating on shares of Ralph Lauren in a research report on Wednesday, May 23rd. Nomura raised their price target on Ralph Lauren from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, May 24th. Finally, Royal Bank of Canada set a $130.00 price target on Ralph Lauren and gave the company a “hold” rating in a research report on Thursday, May 24th.

In related news, insider David R. Lauren sold 1,764 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $142.94, for a total transaction of $252,146.16. Following the transaction, the insider now owns 633,197 shares in the company, valued at approximately $90,509,179.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael A. George purchased 1,815 shares of Ralph Lauren stock in a transaction that occurred on Thursday, August 9th. The shares were acquired at an average price of $137.72 per share, for a total transaction of $249,961.80. Following the acquisition, the director now owns 2,897 shares in the company, valued at $398,974.84. The disclosure for this purchase can be found here. 32.49% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. increased its holdings in Ralph Lauren by 1.8% during the 1st quarter. Jupiter Asset Management Ltd. now owns 2,158,300 shares of the textile maker’s stock valued at $241,298,000 after purchasing an additional 37,800 shares during the period. Janus Henderson Group PLC increased its holdings in Ralph Lauren by 48.6% during the 2nd quarter. Janus Henderson Group PLC now owns 887,629 shares of the textile maker’s stock valued at $111,600,000 after purchasing an additional 290,386 shares during the period. Northern Trust Corp increased its holdings in Ralph Lauren by 2.9% during the 1st quarter. Northern Trust Corp now owns 718,092 shares of the textile maker’s stock valued at $80,282,000 after purchasing an additional 19,909 shares during the period. FMR LLC increased its holdings in Ralph Lauren by 71.7% during the 2nd quarter. FMR LLC now owns 680,963 shares of the textile maker’s stock valued at $85,610,000 after purchasing an additional 284,396 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Ralph Lauren by 2.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 523,071 shares of the textile maker’s stock valued at $58,480,000 after purchasing an additional 14,938 shares during the period. Institutional investors own 69.03% of the company’s stock.

Ralph Lauren opened at $136.38 on Thursday, according to MarketBeat Ratings. Ralph Lauren has a twelve month low of $82.31 and a twelve month high of $147.79. The company has a current ratio of 2.27, a quick ratio of 1.70 and a debt-to-equity ratio of 0.08. The stock has a market cap of $11.08 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.18 and a beta of 0.73.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Tuesday, July 31st. The textile maker reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.18. Ralph Lauren had a return on equity of 15.49% and a net margin of 3.41%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts predict that Ralph Lauren will post 6.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 13th. Investors of record on Friday, June 29th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, June 28th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.50. Ralph Lauren’s payout ratio is currently 41.46%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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