Cowen and Company set a $97.00 price objective on Ralph Lauren Corporation (NYSE:RL) in a research note published on Wednesday morning. The firm currently has a hold rating on the textile maker’s stock.

A number of other brokerages have also weighed in on RL. Bank of America Corporation reiterated a neutral rating and set a $80.00 target price on shares of Ralph Lauren Corporation in a research note on Thursday, July 27th. Buckingham Research restated a neutral rating and issued a $68.00 price objective on shares of Ralph Lauren Corporation in a research note on Monday, July 17th. Zacks Investment Research raised 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 report on Tuesday, October 10th. BidaskClub raised shares of Ralph Lauren Corporation from a buy rating to a strong-buy rating in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued a hold rating and set a $88.00 price objective on shares of Ralph Lauren Corporation in a report on Thursday, October 5th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $88.61.

Ralph Lauren Corporation (RL) opened at $90.67 on Wednesday. The firm has a market capitalization of $7.45 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.09.

Ralph Lauren Corporation (NYSE:RL) last posted its quarterly earnings data 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. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $1.90 EPS. The business’s revenue was down 8.6% on a year-over-year basis. analysts anticipate that Ralph Lauren Corporation will post 5.39 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.21%. Ralph Lauren Corporation’s dividend payout ratio is presently 206.19%.

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Ralph Lauren Corporation by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock valued at $101,000 after acquiring an additional 96 shares in the last quarter. Pacer Advisors Inc. boosted its position in Ralph Lauren Corporation by 12.0% during the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock worth $164,000 after purchasing an additional 238 shares during the period. Exane Derivatives bought a new stake in Ralph Lauren Corporation during the second quarter worth approximately $175,000. Parametrica Management Ltd bought a new stake in shares of Ralph Lauren Corporation in the third quarter valued at approximately $263,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Ralph Lauren Corporation by 19.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 499 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.

Analyst Recommendations for Ralph Lauren Corporation (NYSE:RL)

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