Ralph Lauren (RL) Given a $124.00 Price Target by Barclays Analysts

Barclays set a $124.00 price target on Ralph Lauren (NYSE:RL) in a research note published on Wednesday morning. The brokerage currently has a sell rating on the textile maker’s stock.

RL has been the topic of several other reports. Guggenheim restated a hold rating on shares of Ralph Lauren in a research note on Tuesday. Bank of America upped their price target on shares of Ralph Lauren from $113.00 to $117.00 and gave the company a sell rating in a research note on Wednesday, August 1st. Credit Suisse Group upped their price target on shares of Ralph Lauren from $153.00 to $156.00 and gave the company an outperform rating in a research note on Wednesday, August 1st. Wells Fargo & Co set a $130.00 price target on shares of Ralph Lauren and gave the company a hold rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Ralph Lauren from a buy rating to a hold rating in a research note on Tuesday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $137.38.

Shares of RL traded up $4.81 during trading hours on Wednesday, hitting $132.21. The company had a trading volume of 135,119 shares, compared to its average volume of 1,571,783. The firm has a market capitalization of $10.37 billion, a PE ratio of 21.86, a PEG ratio of 1.99 and a beta of 0.68. Ralph Lauren has a 12 month low of $84.53 and a 12 month high of $147.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 1.70.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Tuesday, November 6th. The textile maker reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.10. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.65 billion. Ralph Lauren had a net margin of 3.82% and a return on equity of 16.23%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.99 earnings per share. Analysts predict that Ralph Lauren will post 6.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were paid a $0.625 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.50 annualized dividend and a dividend yield of 1.89%. Ralph Lauren’s dividend payout ratio (DPR) is presently 41.46%.

Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in Ralph Lauren during the second quarter worth about $150,000. Financial Architects Inc boosted its stake in shares of Ralph Lauren by 498.6% in the 2nd quarter. Financial Architects Inc now owns 1,251 shares of the textile maker’s stock valued at $158,000 after purchasing an additional 1,042 shares in the last quarter. Visionary Asset Management Inc. acquired a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $203,000. Cadence Capital Management LLC acquired a new stake in shares of Ralph Lauren in the 2nd quarter valued at approximately $203,000. Finally, Lourd Capital LLC acquired a new stake in shares of Ralph Lauren in the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 69.95% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. It offers apparel, including a range of men's, women's, and children's clothing accessories, which comprise footwear, eyewear, watches, fashion and fine jewelry, hats, gloves, umbrellas, belts, and leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bedding and bath products, furniture, fabrics and wallpapers, lightings, tabletops, floorcoverings, and giftware; and fragrances.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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