Ralph Lauren Co. (NYSE:RL – Get Rating) received an average rating of “Hold” from the seventeen analysts currently covering the stock, Marketbeat Ratings reports. One analyst rated the stock with a sell rating, five gave a hold rating and seven issued a buy rating on the company. The 12-month average price target among brokerages that have quoted the stock over the past year is $136.00.
RL has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Ralph Lauren shares from a “neutral” rating to an “overweight” rating and set a price target of $142.00 for the company in a Thursday, March 17 research note. Wells Fargo & Company cut Ralph Lauren shares from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $135.00 to $110.00 in a research note from the Tuesday, April 5. Citigroup raised its price target on Ralph Lauren shares from $135.00 to $140.00 in a Friday, Feb. 4 research note. Zacks Investment Research has upgraded Ralph Lauren shares from a “Strong Buy” rating to a “Hold” rating and has set a target price of $115.00 for the company. in a research note on Thursday, March 10. Finally, UBS Group raised its price target on Ralph Lauren shares from $168.00 to $171.00 and gave the company a “buy” rating in a Monday, Feb. 7 research note.
Shares of Ralph Lauren opened at $99.93 on Friday. The company has a fifty-day simple moving average of $109.08 and a 200-day simple moving average of $116.23. The company has a current ratio of 1.88, a quick ratio of 1.50 and a debt ratio of 0.42. Ralph Lauren has a 1-year low of $91.54 and a 1-year high of $140.24. The stock has a market capitalization of $7.11 billion, a price-earnings ratio of 14.98 and a beta of 1.38.
Ralph Lauren announced that its board of directors authorized a stock repurchase program on Thursday, Feb. 3 that allows the company to repurchase $1.50 billion in outstanding stock. This repurchase authorization allows the textile manufacturer to buy up to 17.3% of its shares through purchases on the open market. Share buyback programs often indicate that the company’s board of directors believe its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 1 received a dividend of $0.6875. This represents an annualized dividend of $2.75 and a dividend yield of 2.75%. The ex-dividend date was Thursday, March 31. Ralph Lauren’s payout ratio is 41.23%.
Institutional investors and hedge funds have recently been buying and selling shares of the company. Vanguard Group Inc. increased its position in Ralph Lauren shares by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,927,941 shares of the textile maker valued at $559,026,000 after acquiring 37,574 additional shares in the last quarter. BlackRock Inc. increased its position in Ralph Lauren shares by 4.8% during the 4th quarter. BlackRock Inc. now owns 4,688,097 shares of the textile maker valued at $557,228,000 after acquiring an additional 216,590 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Ralph Lauren shares by 1.5% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,659,488 shares of the textile maker valued at $517,390,000 after acquiring an additional 66,737 shares in the last quarter. HS Management Partners LLC increased its position in Ralph Lauren shares by 11.7% in the 1st quarter. HS Management Partners LLC now owns 2,252,855 shares of the textile maker valued at $255,564,000 after acquiring an additional 235,546 shares in the last quarter. Finally, State Street Corp increased its position in Ralph Lauren shares by 3.5% during the 4th quarter. State Street Corp now owns 2,051,705 shares of the textile maker valued at $245,224,000 after acquiring an additional 69,928 shares in the last quarter. 99.89% of the shares are currently held by institutional investors and hedge funds.
About Ralph Lauren (Get an evaluation)
Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The Company offers apparel, including a range of apparel and accessories for men, women and children, which includes casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, jewelry fashion and refined, scarves, hats, gloves, umbrellas, and belts, as well as leather goods, such as handbags, luggage, small leather goods and belts; home products comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, flooring and giftware; and perfumes.
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