Ralph Lauren (NYSE:RL) PT Lowered to $116.00 at Deutsche Bank Aktiengesellschaft

Ralph Lauren (NYSE:RL – Get Rating) had its price target decreased by Deutsche Bank Aktiengesellschaft from $136.00 to $116.00 in a report published on Monday morning, The Fly reports.

Other research analysts have also recently issued research reports about the company. Citigroup raised their target price on Ralph Lauren from $135.00 to $140.00 in a research note on Friday, February 4th. StockNews.com began coverage on Ralph Lauren in a research note on Thursday, March 31st. They set a buy rating for the company. Wedbush cut Ralph Lauren from an outperform rating to a neutral rating and decreased their target price for the company from $150.00 to $127.00 in a research note on Monday, March 7th. Cowen raised their target price on Ralph Lauren from $162.00 to $171.00 in a research note on Friday, February 4th. Finally, Truist Financial raised their target price on Ralph Lauren from $141.00 to $156.00 in a research note on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $132.86.

Shares of RL opened at $95.29 on Monday. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 14.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 1.88. Ralph Lauren has a one year low of $91.54 and a one year high of $135.99. The stock’s fifty day moving average is $108.61 and its 200-day moving average is $115.69.

Ralph Lauren announced that its Board of Directors has approved a share buyback program on Thursday, February 3rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the textile maker to purchase up to 17.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 1st were given a dividend of $0.6875 per share. The ex-dividend date was Thursday, March 31st. This represents a $2.75 dividend on an annualized basis and a yield of 2.89%. Ralph Lauren’s payout ratio is presently 41.23%.

A number of hedge funds and other institutional investors have recently made changes to their positions in RL. CWM LLC raised its stake in shares of Ralph Lauren by 127.7% during the 1st quarter. CWM LLC now owns 230 shares of the textile maker’s stock worth $26,000 after purchasing an additional 129 shares in the last quarter. US Asset Management LLC purchased a new stake in shares of Ralph Lauren during the 1st quarter worth about $35,000. Daiwa Securities Group Inc. raised its stake in shares of Ralph Lauren by 38.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 453 shares of the textile maker’s stock worth $54,000 after purchasing an additional 125 shares in the last quarter. Covestor Ltd purchased a new stake in shares of Ralph Lauren during the 4th quarter worth about $57,000. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Ralph Lauren during the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 99.89% of the company’s stock.

Ralph Lauren Company Profile (Get Rating)

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 and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, umbrellas, and belts, 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, floor coverings, and giftware; and fragrances.

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