Brokerages Set Ralph Lauren Corporation (NYSE:RL) Price Target at $428.29

Shares of Ralph Lauren Corporation (NYSE:RL) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $430.0714.

RL has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Ralph Lauren from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Bank of America lifted their price target on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $437.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, BTIG Research reissued a “buy” rating and issued a $450.00 target price on shares of Ralph Lauren in a report on Friday, May 22nd.

Institutional Trading of Ralph Lauren

A number of hedge funds have recently added to or reduced their stakes in RL. Orion Porfolio Solutions LLC lifted its position in Ralph Lauren by 8,937.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 963,340 shares of the textile maker’s stock worth $264,225,000 after acquiring an additional 952,681 shares during the period. Invesco Ltd. lifted its position in Ralph Lauren by 26.2% during the 4th quarter. Invesco Ltd. now owns 1,324,018 shares of the textile maker’s stock worth $468,186,000 after acquiring an additional 275,263 shares during the period. Goldman Sachs Group Inc. lifted its position in Ralph Lauren by 40.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 895,017 shares of the textile maker’s stock worth $316,487,000 after acquiring an additional 255,511 shares during the period. AQR Capital Management LLC lifted its position in Ralph Lauren by 38.6% during the 4th quarter. AQR Capital Management LLC now owns 881,360 shares of the textile maker’s stock worth $311,658,000 after acquiring an additional 245,242 shares during the period. Finally, First Trust Advisors LP lifted its position in Ralph Lauren by 70.5% during the 4th quarter. First Trust Advisors LP now owns 586,225 shares of the textile maker’s stock worth $207,295,000 after acquiring an additional 242,386 shares during the period. 67.91% of the stock is owned by institutional investors and hedge funds.

Ralph Lauren Stock Up 0.4%

Shares of NYSE RL opened at $411.69 on Tuesday. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. The business has a 50-day moving average of $373.85 and a two-hundred day moving average of $363.68. Ralph Lauren has a 1 year low of $266.20 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.85 billion. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.Ralph Lauren’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. On average, analysts forecast that Ralph Lauren will post 18.33 earnings per share for the current fiscal year.

Ralph Lauren Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. Ralph Lauren’s dividend payout ratio (DPR) is currently 24.16%.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.