Weekly Investment Analysts’ Ratings Changes for Ralph Lauren (RL)

Ralph Lauren (NYSE: RL) recently received a number of ratings updates from brokerages and research firms:

• 11/8/2024 – Ralph Lauren had its price target raised by analysts at Barclays PLC from $200.00 to $257.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Ralph Lauren had its price target raised by analysts at Raymond James from $215.00 to $235.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Ralph Lauren was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/8/2024 – Ralph Lauren had its price target raised by analysts at UBS Group AG from $287.00 to $300.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Ralph Lauren had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $207.00 price target on the stock.
• 11/5/2024 – Ralph Lauren had its price target raised by analysts at TD Cowen from $208.00 to $251.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Ralph Lauren had its price target raised by analysts at Guggenheim from $200.00 to $225.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Ralph Lauren had its price target raised by analysts at Wells Fargo & Company from $195.00 to $205.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Ralph Lauren was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/21/2024 – Ralph Lauren had its price target raised by analysts at The Goldman Sachs Group, Inc. from $171.00 to $193.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – Ralph Lauren was given a new $171.00 price target on by analysts at Cfra.
• 10/11/2024 – Ralph Lauren was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/30/2024 – Ralph Lauren was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/26/2024 – Ralph Lauren had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $207.00 price target on the stock.
• 9/26/2024 – Ralph Lauren had its price target raised by analysts at Wells Fargo & Company from $175.00 to $195.00. They now have an “equal weight” rating on the stock.
• 9/26/2024 – Ralph Lauren had its price target raised by analysts at TD Cowen from $193.00 to $208.00. They now have a “buy” rating on the stock.
• 9/20/2024 – Ralph Lauren had its price target raised by analysts at Telsey Advisory Group from $195.00 to $207.00. They now have an “outperform” rating on the stock.

Ralph Lauren Trading Up 0.6 %

Shares of NYSE RL traded up $1.18 during midday trading on Wednesday, hitting $210.77. The company’s stock had a trading volume of 466,631 shares, compared to its average volume of 864,818. The business’s 50 day moving average is $194.48 and its two-hundred day moving average is $180.04. The firm has a market cap of $13.06 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. Ralph Lauren Co. has a 12-month low of $117.07 and a 12-month high of $237.16. The company has a current ratio of 1.72, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40.

Ralph Lauren (NYSE:RL) last released its quarterly earnings data on Thursday, November 7th. The textile maker reported $2.54 EPS for the quarter, topping the consensus estimate of $2.43 by $0.11. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Ralph Lauren had a return on equity of 29.44% and a net margin of 10.15%. Ralph Lauren’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS. As a group, equities research analysts expect that Ralph Lauren Co. will post 11.71 EPS for the current year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, September 27th. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Institutional Investors Weigh In On Ralph Lauren

Several institutional investors and hedge funds have recently added to or reduced their stakes in RL. Family Firm Inc. acquired a new position in shares of Ralph Lauren during the second quarter worth about $30,000. Gladius Capital Management LP acquired a new position in shares of Ralph Lauren during the second quarter worth about $31,000. Versant Capital Management Inc grew its position in shares of Ralph Lauren by 1,775.0% during the second quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after buying an additional 213 shares in the last quarter. Huntington National Bank grew its position in shares of Ralph Lauren by 86.6% during the third quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock worth $43,000 after buying an additional 103 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in Ralph Lauren in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

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, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.