StockNews.com Upgrades Ralph Lauren (NYSE:RL) to “Buy”

StockNews.com upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research report released on Monday morning.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Ralph Lauren from $175.00 to $195.00 and gave the company an equal weight rating in a research report on Thursday, September 26th. TD Cowen boosted their price target on shares of Ralph Lauren from $193.00 to $208.00 and gave the company a buy rating in a research report on Thursday, September 26th. Telsey Advisory Group reissued an outperform rating and issued a $207.00 price target on shares of Ralph Lauren in a research note on Thursday, September 26th. Argus reaffirmed a hold rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Finally, Barclays increased their target price on Ralph Lauren from $195.00 to $200.00 and gave the stock an overweight rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ralph Lauren has an average rating of Moderate Buy and a consensus price target of $189.00.

Ralph Lauren Stock Up 0.5 %

NYSE RL opened at $193.12 on Monday. Ralph Lauren has a 1 year low of $108.60 and a 1 year high of $200.17. The stock has a market capitalization of $11.96 billion, a PE ratio of 19.81, a PEG ratio of 1.61 and a beta of 1.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.53. The business’s 50-day moving average is $173.50 and its 200 day moving average is $173.95.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. Ralph Lauren had a return on equity of 28.79% and a net margin of 10.27%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS. Sell-side analysts forecast that Ralph Lauren will post 11.23 earnings per share for the current year.

Ralph Lauren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.825 dividend. The ex-dividend date is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.71%. Ralph Lauren’s dividend payout ratio is currently 33.95%.

Institutional Investors Weigh In On Ralph Lauren

Institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its holdings in shares of Ralph Lauren by 2.8% during the first quarter. QRG Capital Management Inc. now owns 2,378 shares of the textile maker’s stock valued at $447,000 after buying an additional 65 shares during the last quarter. Oak Thistle LLC boosted its stake in Ralph Lauren by 6.2% during the 2nd quarter. Oak Thistle LLC now owns 1,236 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 72 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Ralph Lauren by 26.3% in the 2nd quarter. Mather Group LLC. now owns 432 shares of the textile maker’s stock worth $81,000 after purchasing an additional 90 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Ralph Lauren by 8.4% in the second quarter. Atomi Financial Group Inc. now owns 1,156 shares of the textile maker’s stock worth $202,000 after purchasing an additional 90 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Ralph Lauren by 6.0% during the second quarter. Fifth Third Bancorp now owns 1,752 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 99 shares in the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

About Ralph Lauren

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.