Ralph Lauren (NYSE:RL) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ralph Lauren (NYSE:RL) in a report issued on Thursday, Marketbeat reports. The brokerage issued a buy rating on the textile maker’s stock.

A number of other brokerages also recently issued reports on RL. Guggenheim started coverage on shares of Ralph Lauren in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Ralph Lauren in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Ralph Lauren from $423.00 to $430.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Barclays restated an “overweight” rating and issued a $409.00 target price on shares of Ralph Lauren in a research note on Tuesday. Finally, Wells Fargo & Company increased their price objective on Ralph Lauren from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ralph Lauren currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.75.

Ralph Lauren Stock Performance

Ralph Lauren stock opened at $369.88 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The firm has a market cap of $22.43 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.81 and a beta of 1.49. Ralph Lauren has a 1-year low of $176.61 and a 1-year high of $380.00. The firm has a 50-day moving average of $351.98 and a 200-day moving average of $320.49.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $2.54 EPS. Ralph Lauren’s quarterly revenue was up 16.5% compared to the same quarter last year. Sell-side analysts expect that Ralph Lauren will post 12.01 EPS for the current year.

Ralph Lauren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.9125 dividend. The ex-dividend date was Friday, December 26th. This represents a $3.65 dividend on an annualized basis and a yield of 1.0%. Ralph Lauren’s payout ratio is presently 26.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in shares of Ralph Lauren by 1,228.6% in the second quarter. Hantz Financial Services Inc. now owns 93 shares of the textile maker’s stock worth $26,000 after purchasing an additional 86 shares during the last quarter. JPL Wealth Management LLC bought a new position in Ralph Lauren during the 3rd quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Ralph Lauren during the 2nd quarter valued at about $28,000. Aventura Private Wealth LLC purchased a new position in shares of Ralph Lauren during the fourth quarter valued at approximately $29,000. Finally, Rothschild Investment LLC lifted its position in Ralph Lauren by 61.3% during the third quarter. Rothschild Investment LLC now owns 100 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 38 shares during the period. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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.