Ralph Lauren Co. (NYSE:RL) Given Consensus Rating of “Hold” by Brokerages

Shares of Ralph Lauren Co. (NYSE:RL – Get Rating) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $118.38.

A number of research firms have recently issued reports on RL. Cowen boosted their price target on shares of Ralph Lauren from $132.00 to $148.00 in a report on Monday, December 12th. Wedbush boosted their price target on shares of Ralph Lauren to $100.00 in a report on Wednesday, November 16th. JPMorgan Chase & Co. boosted their price target on shares of Ralph Lauren from $127.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 29th. Cowen boosted their price objective on shares of Ralph Lauren from $132.00 to $148.00 in a research report on Monday, December 12th. Finally, StockNews.com initiated coverage on shares of Ralph Lauren in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Insider Buying and Selling

In related news, CEO Patrice Louvet sold 18,500 shares of the company’s stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $120.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the chief executive officer now directly owns 220,832 shares in the company, valued at approximately $26,499,840. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 36.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Ralph Lauren

Several large investors have recently bought and sold shares of RL. AdvisorNet Financial Inc acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at $25,000. Ronald Blue Trust Inc. raised its stake in shares of Ralph Lauren by 125.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 433 shares of the textile maker’s stock valued at $36,000 after buying an additional 241 shares in the last quarter. CWM LLC raised its stake in shares of Ralph Lauren by 112.2% in the 2nd quarter. CWM LLC now owns 488 shares of the textile maker’s stock valued at $44,000 after buying an additional 258 shares in the last quarter. South Dakota Investment Council acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at $51,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of Ralph Lauren in the 3rd quarter valued at $68,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.

Ralph Lauren Stock Down 1.3 %

NYSE RL opened at $117.34 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.01 and a quick ratio of 1.27. The company’s 50 day simple moving average is $109.16 and its 200 day simple moving average is $98.99. Ralph Lauren has a 12 month low of $82.23 and a 12 month high of $135.99. The company has a market capitalization of $7.74 billion, a P/E ratio of 16.34, a PEG ratio of 3.56 and a beta of 1.36.

Ralph Lauren (NYSE:RL – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The textile maker reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.14. Ralph Lauren had a net margin of 8.05% and a return on equity of 21.97%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business earned $2.62 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that Ralph Lauren will post 7.73 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, December 29th. Ralph Lauren’s dividend payout ratio is currently 41.78%.

About Ralph Lauren

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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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.