Ralph Lauren Co. (NYSE:RL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Sep 06, 2023

Shares of Ralph Lauren Co. (NYSE:RL - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $132.31.

RL has been the topic of a number of recent research reports. Barclays lifted their target price on Ralph Lauren from $134.00 to $139.00 in a research report on Friday, May 26th. Telsey Advisory Group boosted their price target on Ralph Lauren from $140.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday. StockNews.com initiated coverage on Ralph Lauren in a research report on Thursday, May 18th. They set a "buy" rating on the stock. OTR Global raised Ralph Lauren to a "positive" rating in a research report on Friday, April 28th. Finally, TheStreet downgraded Ralph Lauren from a "b+" rating to a "c+" rating in a research report on Thursday, May 25th.

View Our Latest Report on Ralph Lauren

Shares of Ralph Lauren stock opened at $131.62 on Tuesday. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. The stock's 50-day moving average is $123.37 and its 200-day moving average is $118.81. Ralph Lauren has a one year low of $82.23 and a one year high of $135.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.23 and a quick ratio of 1.51.

Ralph Lauren (NYSE:RL - Get Free Report) last issued its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.25. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.47 billion. Ralph Lauren had a return on equity of 24.19% and a net margin of 8.11%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. Equities analysts predict that Ralph Lauren will post 9.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $3.00 annualized dividend and a dividend yield of 2.28%. Ralph Lauren's dividend payout ratio (DPR) is presently 39.53%.

In other news, CEO Patrice Louvet sold 9,272 shares of the company's stock in a transaction on Monday, July 10th. The shares were sold at an average price of $125.00, for a total transaction of $1,159,000.00. Following the completion of the transaction, the chief executive officer now directly owns 193,060 shares in the company, valued at $24,132,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 39.09% of the company's stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in Ralph Lauren by 357.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,509,833 shares of the textile maker's stock worth $292,822,000 after acquiring an additional 1,960,802 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Ralph Lauren by 71.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,532,719 shares of the textile maker's stock worth $161,962,000 after purchasing an additional 640,694 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Ralph Lauren during the 1st quarter worth about $40,466,000. Alyeska Investment Group L.P. boosted its position in shares of Ralph Lauren by 440.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 393,259 shares of the textile maker's stock worth $45,882,000 after purchasing an additional 320,547 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Ralph Lauren by 1,687.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 269,999 shares of the textile maker's stock worth $1,829,000 after purchasing an additional 254,893 shares in the last quarter. 73.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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