Ralph Lauren Co. (NYSE:RL) Receives $276.55 Average Price Target from Brokerages

Shares of Ralph Lauren Co. (NYSE:RL) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $279.33.

A number of analysts have recently issued reports on the stock. Argus raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Tuesday, December 31st. Guggenheim increased their target price on shares of Ralph Lauren from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. BNP Paribas upgraded shares of Ralph Lauren to a “strong-buy” rating in a report on Thursday, January 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their target price on Ralph Lauren from $225.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th.

Hedge Funds Weigh In On Ralph Lauren

A number of institutional investors have recently modified their holdings of RL. EverSource Wealth Advisors LLC grew its stake in Ralph Lauren by 1,270.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker’s stock valued at $32,000 after buying an additional 127 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Ralph Lauren by 281.1% during the fourth quarter. Jones Financial Companies Lllp now owns 202 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 149 shares during the period. Huntington National Bank grew its position in shares of Ralph Lauren by 86.6% in the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 103 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after purchasing an additional 268 shares during the period. Finally, AM Squared Ltd acquired a new position in shares of Ralph Lauren during the 3rd quarter worth about $58,000. Institutional investors own 67.91% of the company’s stock.

Ralph Lauren Price Performance

Shares of NYSE:RL opened at $273.03 on Friday. The company’s fifty day moving average is $241.31 and its two-hundred day moving average is $208.36. The company has a market cap of $16.96 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Ralph Lauren has a 12-month low of $155.96 and a 12-month high of $289.33. The company has a quick ratio of 1.18, a current ratio of 1.76 and a debt-to-equity ratio of 0.39.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. Equities analysts expect that Ralph Lauren will post 11.73 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, December 27th. Ralph Lauren’s payout ratio is 30.11%.

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.