Several other equities research analysts have also recently issued reports on the company. Deutsche Bank AG restated a hold rating and set a $95.00 price objective (up previously from $85.00) on shares of Ralph Lauren Corp. in a report on Wednesday, August 10th. Piper Jaffray Cos. restated a hold rating on shares of Ralph Lauren Corp. in a report on Monday, June 13th. Goldman Sachs Group Inc. raised their price objective on Ralph Lauren Corp. from $113.00 to $120.00 and gave the stock a buy rating in a report on Thursday, August 11th. Miller Tabak cut Ralph Lauren Corp. from a buy rating to a hold rating and set a $115.00 price objective on the stock. in a report on Wednesday, June 8th. Finally, Telsey Advisory Group decreased their price objective on Ralph Lauren Corp. from $110.00 to $105.00 and set an outperform rating on the stock in a report on Wednesday, June 8th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $110.63.
Ralph Lauren Corp. (NYSE:RL) opened at 97.94 on Wednesday. Ralph Lauren Corp. has a 12 month low of $82.15 and a 12 month high of $137.38. The firm’s 50-day moving average is $103.58 and its 200-day moving average is $96.63. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 26.77 and a beta of 1.11.
Ralph Lauren Corp. (NYSE:RL) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The business earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ralph Lauren Corp. had a return on equity of 14.50% and a net margin of 4.22%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. On average, analysts anticipate that Ralph Lauren Corp. will post $5.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.04%. The ex-dividend date is Wednesday, September 28th. Ralph Lauren Corp.’s dividend payout ratio is currently 55.25%.
Hedge funds have recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. raised its position in Ralph Lauren Corp. by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 49,079 shares of the company’s stock valued at $4,724,000 after buying an additional 1,566 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Ralph Lauren Corp. by 11.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,952 shares of the company’s stock valued at $1,343,000 after buying an additional 1,435 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in Ralph Lauren Corp. by 7.4% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 14,154 shares of the company’s stock valued at $1,362,000 after buying an additional 972 shares during the period. Glenmede Trust Co. NA raised its position in Ralph Lauren Corp. by 199.7% in the first quarter. Glenmede Trust Co. NA now owns 96,965 shares of the company’s stock valued at $9,333,000 after buying an additional 64,607 shares during the period. Finally, Exane Derivatives raised its position in Ralph Lauren Corp. by 15.8% in the first quarter. Exane Derivatives now owns 1,583 shares of the company’s stock valued at $152,000 after buying an additional 216 shares during the period. 63.74% of the stock is owned by hedge funds and other institutional investors.
About Ralph Lauren Corp.
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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