ValuEngine upgraded shares of Ralph Lauren (NYSE:RL) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
Several other analysts have also recently issued reports on RL. Piper Jaffray Companies set a $109.00 price target on shares of Ralph Lauren and gave the company a sell rating in a report on Tuesday. Needham & Company LLC reaffirmed a hold rating on shares of Ralph Lauren in a report on Monday, October 16th. Zacks Investment Research raised shares of Ralph Lauren from a sell rating to a hold rating in a report on Monday, January 22nd. Morgan Stanley upped their price target on shares of Ralph Lauren from $83.50 to $91.00 and gave the company an equal weight rating in a report on Friday, November 3rd. Finally, Cowen set a $97.00 target price on shares of Ralph Lauren and gave the stock a hold rating in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Ralph Lauren presently has a consensus rating of Hold and a consensus target price of $95.94.
Ralph Lauren (NYSE:RL) traded down $1.70 on Friday, reaching $109.80. 1,576,823 shares of the company traded hands, compared to its average volume of 1,110,000. The firm has a market capitalization of $8,920.00, a PE ratio of -107.65, a PEG ratio of 2.21 and a beta of 0.65. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. Ralph Lauren has a 1 year low of $66.06 and a 1 year high of $119.33.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. Ralph Lauren’s dividend payout ratio is currently -196.08%.
Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new position in shares of Ralph Lauren during the third quarter worth about $810,000. State of Tennessee Treasury Department grew its position in shares of Ralph Lauren by 109.3% during the third quarter. State of Tennessee Treasury Department now owns 31,558 shares of the textile maker’s stock worth $2,786,000 after acquiring an additional 16,483 shares during the last quarter. American International Group Inc. grew its position in shares of Ralph Lauren by 3.7% during the third quarter. American International Group Inc. now owns 176,529 shares of the textile maker’s stock worth $15,586,000 after acquiring an additional 6,264 shares during the last quarter. FMR LLC grew its position in shares of Ralph Lauren by 2.9% during the second quarter. FMR LLC now owns 364,123 shares of the textile maker’s stock worth $26,872,000 after acquiring an additional 10,180 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Ralph Lauren by 973.3% during the third quarter. Ameriprise Financial Inc. now owns 1,410,657 shares of the textile maker’s stock worth $124,553,000 after acquiring an additional 1,279,221 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
About Ralph Lauren
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ralph Lauren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ralph Lauren and related companies with MarketBeat.com's FREE daily email newsletter.