Needham & Company LLC started coverage on shares of Ralph Lauren Corporation (NYSE:RL) in a research note issued to investors on Tuesday morning, MarketBeat reports. The firm issued a hold rating on the textile maker’s stock.

Other research analysts have also recently issued research reports about the stock. Piper Jaffray Companies reiterated a sell rating and issued a $66.00 price target on shares of Ralph Lauren Corporation in a report on Friday, July 14th. Cowen and Company reiterated a hold rating and issued a $80.00 price target (up previously from $78.00) on shares of Ralph Lauren Corporation in a report on Tuesday. Vetr upgraded shares of Ralph Lauren Corporation from a sell rating to a hold rating and set a $77.89 price target for the company in a report on Tuesday, April 4th. Buckingham Research reiterated a neutral rating and issued a $68.00 price target on shares of Ralph Lauren Corporation in a report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of Ralph Lauren Corporation from a sell rating to a hold rating in a report on Tuesday, May 9th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $88.44.

Ralph Lauren Corporation (NYSE RL) traded up 1.52% during midday trading on Tuesday, reaching $74.88. 1,208,739 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $71.52 and its 200 day moving average is $78.14. The stock’s market cap is $6.06 billion. Ralph Lauren Corporation has a 1-year low of $66.06 and a 1-year high of $114.00.

Ralph Lauren Corporation (NYSE:RL) last released its quarterly earnings results on Thursday, May 18th. The textile maker reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Ralph Lauren Corporation had a negative net margin of 1.49% and a positive return on equity of 13.57%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. Equities analysts anticipate that Ralph Lauren Corporation will post $4.77 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.50 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is presently -163.93%.

Several institutional investors have recently added to or reduced their stakes in the stock. Intellectus Partners LLC increased its stake in shares of Ralph Lauren Corporation by 18.2% in the first quarter. Intellectus Partners LLC now owns 1,300 shares of the textile maker’s stock worth $107,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Ralph Lauren Corporation during the first quarter worth about $110,000. Daiwa Securities Group Inc. increased its stake in shares of Ralph Lauren Corporation by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 1,700 shares of the textile maker’s stock worth $139,000 after buying an additional 300 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Ralph Lauren Corporation by 97.0% in the first quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after buying an additional 979 shares during the last quarter. Finally, Engine Capital Management LLC purchased a new stake in shares of Ralph Lauren Corporation during the first quarter worth about $163,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Ralph Lauren Corporation Company Profile

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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