Ralph Lauren Corporation (NYSE:RL) has earned a consensus recommendation of “Hold” from the twenty-four brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $88.61.
Several equities analysts have commented on the company. Morgan Stanley increased their price target on Ralph Lauren Corporation from $83.50 to $91.00 and gave the company an “equal weight” rating in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Ralph Lauren Corporation in a report on Tuesday, September 12th. Buckingham Research increased their price target on Ralph Lauren Corporation from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, September 13th. Barclays PLC assumed coverage on Ralph Lauren Corporation in a report on Tuesday, September 19th. They set an “underweight” rating and a $84.00 price target on the stock. Finally, Cowen and Company reiterated a “hold” rating and set a $89.00 price target on shares of Ralph Lauren Corporation in a report on Sunday, September 17th.
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Shares of Ralph Lauren Corporation (NYSE:RL) traded down $2.99 during mid-day trading on Monday, reaching $87.68. The company’s stock had a trading volume of 874,445 shares, compared to its average volume of 1,450,000. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.55 and a current ratio of 2.09. The firm has a market capitalization of $7,370.00, a P/E ratio of 15.50, a PEG ratio of 1.11 and a beta of 0.63.
Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings results on Thursday, November 2nd. The textile maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company posted $1.90 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. sell-side analysts expect that Ralph Lauren Corporation will post 5.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.50 dividend. The ex-dividend date was Thursday, September 28th. This represents a $2.00 annualized dividend and a yield of 2.28%. Ralph Lauren Corporation’s dividend payout ratio (DPR) is currently 208.33%.
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Ralph Lauren Corporation by 7.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after purchasing an additional 96 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Ralph Lauren Corporation by 12.0% during the second quarter. Pacer Advisors Inc. now owns 2,226 shares of the textile maker’s stock valued at $164,000 after acquiring an additional 238 shares during the period. Exane Derivatives bought a new position in shares of Ralph Lauren Corporation during the second quarter valued at $175,000. PNC Financial Services Group Inc. lifted its holdings in shares of Ralph Lauren Corporation by 19.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 499 shares during the period. Finally, TLP Group LLC lifted its holdings in shares of Ralph Lauren Corporation by 5,614.8% during the second quarter. TLP Group LLC now owns 3,486 shares of the textile maker’s stock valued at $257,000 after acquiring an additional 3,425 shares during the period. 62.43% of the stock is owned by hedge funds and other institutional investors.
About Ralph Lauren Corporation
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.
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