Ralph Lauren (NYSE:RL) Sets New 12-Month High – What’s Next?

Ralph Lauren Corporation (NYSE:RL)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $374.00 and last traded at $371.1690, with a volume of 643356 shares traded. The stock had previously closed at $364.50.

Analyst Ratings Changes

A number of research firms have recently issued reports on RL. TD Cowen boosted their price objective on Ralph Lauren from $354.00 to $399.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Cfra Research upgraded shares of Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 11th. Jefferies Financial Group increased their price objective on shares of Ralph Lauren from $365.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wells Fargo & Company raised their price objective on shares of Ralph Lauren from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, UBS Group lifted their target price on shares of Ralph Lauren from $421.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren Price Performance

The stock has a market capitalization of $22.30 billion, a P/E ratio of 29.37, a PEG ratio of 1.63 and a beta of 1.61. The company’s 50 day simple moving average is $327.68 and its two-hundred day simple moving average is $301.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.84 and a quick ratio of 1.30.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, November 6th. The textile maker reported $3.79 EPS for the quarter, topping the consensus estimate of $3.45 by $0.34. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.Ralph Lauren’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 EPS. As a group, equities analysts expect that Ralph Lauren Corporation will post 12.01 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.9125 per share. This represents a $3.65 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 26th. Ralph Lauren’s dividend payout ratio is presently 26.98%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RL. Orion Porfolio Solutions LLC grew its holdings in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Ralph Lauren by 55.7% during the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after purchasing an additional 414,275 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Ralph Lauren during the third quarter valued at approximately $86,719,000. Invesco Ltd. increased its holdings in shares of Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock valued at $333,958,000 after purchasing an additional 275,391 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Ralph Lauren in the 3rd quarter worth approximately $74,841,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.