Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of Ralph Lauren Corporation from a hold rating to a buy rating in a research report on Wednesday, June 28th. Macquarie upgraded shares of Ralph Lauren Corporation to a buy rating and raised their price objective for the company from $96.00 to $100.00 in a research report on Tuesday, September 5th. Royal Bank Of Canada set a $88.00 price objective on shares of Ralph Lauren Corporation and gave the company a hold rating in a research report on Wednesday, August 9th. Needham & Company LLC initiated coverage on shares of Ralph Lauren Corporation in a research report on Tuesday, July 18th. They set a hold rating on the stock. Finally, Cowen and Company restated a hold rating and set a $80.00 price objective (up from $78.00) on shares of Ralph Lauren Corporation in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Ralph Lauren Corporation has a consensus rating of Hold and an average target price of $87.37.
Shares of Ralph Lauren Corporation (RL) traded down 2.37% during midday trading on Tuesday, reaching $85.15. 150,600 shares of the company’s stock were exchanged. Ralph Lauren Corporation has a one year low of $66.06 and a one year high of $114.00. The firm has a 50 day moving average of $88.75 and a 200-day moving average of $79.29. The stock’s market cap is $6.92 billion.
Ralph Lauren Corporation (NYSE:RL) last announced its quarterly earnings data on Tuesday, August 8th. The textile maker reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.15. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ralph Lauren Corporation had a negative net margin of 0.27% and a positive return on equity of 13.80%. The company’s revenue was down 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.06 EPS. On average, equities research analysts anticipate that Ralph Lauren Corporation will post $5.34 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.29%. Ralph Lauren Corporation’s payout ratio is currently -869.57%.
Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new position in shares of Ralph Lauren Corporation in the 1st quarter worth $110,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Ralph Lauren Corporation by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,368 shares of the textile maker’s stock worth $101,000 after buying an additional 96 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Ralph Lauren Corporation by 97.0% in the 1st quarter. Pacer Advisors Inc. now owns 1,988 shares of the textile maker’s stock worth $162,000 after buying an additional 979 shares in the last quarter. Engine Capital Management LLC purchased a new position in shares of Ralph Lauren Corporation in the 1st quarter worth $163,000. Finally, Exane Derivatives purchased a new position in shares of Ralph Lauren Corporation in the 2nd quarter worth $175,000. 62.88% of the stock is owned by institutional investors and hedge funds.
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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