Ralph Lauren Co. (NYSE:RL – Get Rating) received an average recommendation of “Hold” from the fifteen research firms that currently cover the business, MarketBeat reports. One research analyst rated the stock with a sell recommendation, five gave the company a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among analysts who have covered the stock over the past year is $118.00.
Several brokerages have recently commented on RL. Cowen lowered his price target on Ralph Lauren shares from $142.00 to $128.00 and set an “outperform” rating for the company in a Wednesday, Aug. 17 research note. UBS Group cut its target price on Ralph Lauren shares from $162.00 to $129.00 in a Friday, July 15 research report. Goldman Sachs Group lowered its price target on Ralph Lauren shares from $85.00 to $78.00 and set a “sell” rating for the company in a Thursday, July 21 research report. StockNews.com downgraded Ralph Lauren shares from a “buy” rating to a “hold” rating in a Thursday, August 11 research rating. Finally, TheStreet downgraded Ralph Lauren from a “b” rating to a “c+” rating in a report on Tuesday, May 24.
Ralph Lauren stock performance
NYSE RL opened at $93.49 on Friday. The company has a 50-day moving average price of $95.51 and a two-hundred-day moving average price of $100.88. Ralph Lauren has a 12-month low of $86.54 and a 12-month high of $135.99. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt ratio of 0.62. The company has a market capitalization of $6.55 billion, a P/E ratio of 12.35, a P/E/G ratio of 3.98 and a beta of 1.38.
Ralph Lauren announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14. Investors of record on Friday, September 30 will receive a dividend of $0.75 per share. This represents an annualized dividend of $3.00 and a yield of 3.21%. Ralph Lauren’s dividend payout ratio is currently 39.63%.
Institutional entries and exits
Several institutional investors have recently changed their positions in RL. Price T Rowe Associates Inc. MD increased its equity stake in Ralph Lauren by 36.5% in Q2. Price T Rowe Associates Inc. MD now owns 2,913,333 shares of the textile maker worth $261,180,000 after buying 778,289 additional shares in the last quarter. Voya Investment Management LLC increased its position in Ralph Lauren by 4,026.3% during the second quarter. Voya Investment Management LLC now owns 691,155 shares of the textile maker valued at $61,962,000 after buying an additional 674,405 shares last quarter. Russell Investments Group Ltd. increased its stake in Ralph Lauren by 79.4% during the first quarter. Russell Investments Group Ltd. now owns 987,527 shares of the textile maker worth $114,220,000 after purchasing an additional 437,147 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Ralph Lauren stock in Q1 for a value of approximately $40,466,000. Finally, Wedge Capital Management LLP NC purchased a new position in Ralph Lauren stock during Q1 worth approximately $37,666,000. Institutional investors hold 63.02% of the company’s shares.
About Ralph Lauren
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Ralph Lauren Corporation designs, markets and distributes lifestyle products in North America, Europe, Asia and internationally. The company offers clothing, including a range of clothing for men, women and children; footwear and accessories, which include casual shoes, dress shoes, boots, sneakers, sandals, glasses, 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 comprised of bed and bath lines, furniture, fabrics and wall coverings, lighting, table tops, kitchen linens, flooring and giftware; and perfumes.
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