Ralph Lauren Corp (RL) Receives $138.43 Average Target Price from Brokerages

Shares of Ralph Lauren Corp (NYSE:RL) have earned an average recommendation of “Hold” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $138.43.

Several equities research analysts have recently issued reports on RL shares. Buckingham Research raised shares of Ralph Lauren from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. UBS Group raised shares of Ralph Lauren from a “sell” rating to a “neutral” rating in a research report on Monday, January 7th. Needham & Company LLC raised shares of Ralph Lauren from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Thursday, January 10th. Wells Fargo & Co set a $130.00 price objective on shares of Ralph Lauren and gave the stock a “hold” rating in a research report on Tuesday, February 5th. Finally, Telsey Advisory Group raised shares of Ralph Lauren from a “market perform” rating to an “outperform” rating and set a $155.00 target price for the company in a research report on Thursday, January 31st.

Shares of NYSE:RL opened at $131.10 on Tuesday. Ralph Lauren has a 52 week low of $95.63 and a 52 week high of $147.79. The company has a quick ratio of 2.18, a current ratio of 2.90 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.62 and a beta of 0.69.

Ralph Lauren (NYSE:RL) last issued its earnings results on Tuesday, February 5th. The textile maker reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.17. Ralph Lauren had a net margin of 6.95% and a return on equity of 16.85%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Ralph Lauren will post 7.04 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 28th. Ralph Lauren’s dividend payout ratio is currently 41.46%.

In other news, insider Valerie Hermann sold 10,400 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $126.15, for a total transaction of $1,311,960.00. Following the completion of the sale, the insider now owns 38,340 shares in the company, valued at approximately $4,836,591. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joyce F. Brown sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $126.00, for a total transaction of $252,000.00. Following the sale, the director now owns 7,278 shares of the company’s stock, valued at approximately $917,028. The disclosure for this sale can be found here. Company insiders own 32.49% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen Asset Management LLC increased its holdings in Ralph Lauren by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 5,572 shares of the textile maker’s stock valued at $576,000 after buying an additional 85 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Ralph Lauren by 44.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 299 shares of the textile maker’s stock valued at $31,000 after buying an additional 92 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in Ralph Lauren by 2.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 4,860 shares of the textile maker’s stock valued at $503,000 after buying an additional 120 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Ralph Lauren by 5.2% during the 4th quarter. LS Investment Advisors LLC now owns 2,799 shares of the textile maker’s stock valued at $290,000 after purchasing an additional 139 shares during the last quarter. Finally, ETF Managers Group LLC grew its holdings in shares of Ralph Lauren by 17.5% during the 4th quarter. ETF Managers Group LLC now owns 1,183 shares of the textile maker’s stock valued at $122,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 66.71% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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