Ralph Lauren Co. (NYSE:RL – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $184.62, but opened at $176.00. Ralph Lauren shares last traded at $175.41, with a volume of 168,433 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective (up previously from $165.00) on shares of Ralph Lauren in a research report on Thursday, February 8th. Wells Fargo & Company raised their price target on Ralph Lauren from $160.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, March 4th. UBS Group lifted their price target on Ralph Lauren from $188.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Raymond James upped their price objective on shares of Ralph Lauren from $135.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group raised their target price on shares of Ralph Lauren from $132.00 to $151.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.64.
Ralph Lauren Stock Performance
The company has a current ratio of 2.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a market cap of $11.26 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company’s fifty day moving average is $173.42 and its 200 day moving average is $142.65.
Ralph Lauren (NYSE:RL – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The textile maker reported $4.17 EPS for the quarter, topping the consensus estimate of $3.53 by $0.64. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ralph Lauren had a return on equity of 25.88% and a net margin of 8.90%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.35 earnings per share. As a group, equities analysts predict that Ralph Lauren Co. will post 10.23 earnings per share for the current fiscal year.
Ralph Lauren Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $3.00 annualized dividend and a yield of 1.70%. Ralph Lauren’s payout ratio is currently 34.01%.
Institutional Trading of Ralph Lauren
Several large investors have recently modified their holdings of RL. Ethic Inc. increased its position in Ralph Lauren by 3.5% during the 4th quarter. Ethic Inc. now owns 1,958 shares of the textile maker’s stock valued at $282,000 after purchasing an additional 66 shares during the period. New York Life Investment Management LLC boosted its position in Ralph Lauren by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 12,999 shares of the textile maker’s stock valued at $1,874,000 after acquiring an additional 82 shares in the last quarter. Platinum Investment Management Ltd. grew its holdings in shares of Ralph Lauren by 13.1% during the 3rd quarter. Platinum Investment Management Ltd. now owns 854 shares of the textile maker’s stock worth $99,000 after acquiring an additional 99 shares during the period. Spire Wealth Management raised its position in shares of Ralph Lauren by 47.9% in the 3rd quarter. Spire Wealth Management now owns 315 shares of the textile maker’s stock worth $37,000 after acquiring an additional 102 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Ralph Lauren by 25.2% in the 3rd quarter. CWM LLC now owns 576 shares of the textile maker’s stock valued at $67,000 after purchasing an additional 116 shares during the period. 67.91% of the stock is owned by 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.