Ralph Lauren Co. (NYSE:RL) Receives $284.15 Average Price Target from Brokerages

Ralph Lauren Co. (NYSE:RL - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $284.15.

A number of equities analysts recently commented on the company. The Goldman Sachs Group upped their target price on Ralph Lauren from $220.00 to $280.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Telsey Advisory Group restated an "outperform" rating and issued a $265.00 price objective on shares of Ralph Lauren in a report on Tuesday, February 4th. Jefferies Financial Group lifted their target price on shares of Ralph Lauren from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Cowen reiterated a "buy" rating on shares of Ralph Lauren in a research report on Tuesday, February 4th. Finally, Barclays raised their price objective on shares of Ralph Lauren from $257.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th.

Ralph Lauren Trading Down 2.4 %

Shares of RL stock traded down $5.83 during mid-day trading on Wednesday, reaching $232.51. The stock had a trading volume of 1,003,781 shares, compared to its average volume of 779,896. The firm has a market capitalization of $14.36 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.73 and a beta of 1.50. The stock's 50-day moving average price is $255.02 and its two-hundred day moving average price is $219.91. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.39. Ralph Lauren has a 52-week low of $155.96 and a 52-week high of $289.33.

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Ralph Lauren (NYSE:RL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 12.01 earnings per share for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, December 27th. Ralph Lauren's dividend payout ratio (DPR) is 30.11%.

Hedge Funds Weigh In On Ralph Lauren

Several large investors have recently modified their holdings of RL. EverSource Wealth Advisors LLC increased its stake in Ralph Lauren by 1,270.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 137 shares of the textile maker's stock valued at $32,000 after purchasing an additional 127 shares in the last quarter. Huntington National Bank grew its holdings in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker's stock valued at $43,000 after buying an additional 103 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 in the last quarter. Pinpoint Asset Management Ltd increased its position in shares of Ralph Lauren by 22,500.0% during the fourth quarter. Pinpoint Asset Management Ltd now owns 226 shares of the textile maker's stock valued at $52,000 after acquiring an additional 225 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Ralph Lauren by 8,933.3% in the 3rd quarter. True Wealth Design LLC now owns 271 shares of the textile maker's stock worth $53,000 after acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 67.91% of the company's stock.

About Ralph Lauren

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.