Analysts Set Ralph Lauren Co. (NYSE:RL) Price Target at $118.00

Ralph Lauren Co. (NYSE:RLGet Rating) has been given an average rating of “Hold” by the fifteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $118.00.

Several equities research analysts have weighed in on the stock. Citigroup lowered shares of Ralph Lauren from a “buy” rating to a “neutral” rating and cut their target price for the stock from $140.00 to $98.00 in a report on Monday, May 23rd. Cowen cut their target price on shares of Ralph Lauren from $142.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ralph Lauren from $101.00 to $99.00 and set a “hold” rating on the stock in a report on Monday, August 1st. Cowen dropped their price objective on shares of Ralph Lauren from $142.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, August 17th. Finally, StockNews.com lowered shares of Ralph Lauren from a “buy” rating to a “hold” rating in a report on Thursday, August 11th.

Ralph Lauren Trading Up 3.0 %

RL opened at $96.27 on Friday. The firm’s fifty day moving average is $95.60 and its two-hundred day moving average is $100.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.37 and a current ratio of 2.05. The firm has a market cap of $6.75 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.97 and a beta of 1.38. Ralph Lauren has a twelve month low of $86.54 and a twelve month high of $135.99.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Thursday, September 29th. Ralph Lauren’s dividend payout ratio (DPR) is presently 39.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its position in shares of Ralph Lauren by 127.7% in the 1st quarter. CWM LLC now owns 230 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 129 shares during the period. US Asset Management LLC bought a new stake in shares of Ralph Lauren during the 1st quarter worth about $35,000. Covestor Ltd bought a new stake in shares of Ralph Lauren during the 4th quarter worth about $57,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Ralph Lauren during the 2nd quarter worth about $111,000. Finally, Mystic Asset Management Inc. bought a new stake in shares of Ralph Lauren during the 4th quarter worth about $118,000. Institutional investors own 63.02% of the company’s stock.

About Ralph Lauren

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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.

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Analyst Recommendations for Ralph Lauren (NYSE:RL)

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