A share price of Ralph Lauren Corp [RL] is currently trading at $182.99, up 0.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RL shares have gain 2.58% over the last week, with a monthly amount glided 1.01%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Ralph Lauren Corporation Declares Quarterly Dividend. In a post published today on Yahoo Finance, Ralph Lauren Corporation (NYSE: RL) announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on Ralph Lauren Corporation Common Stock. The dividend is payable on April 12, 2024 to shareholders of record at the close of business on March 28, 2024.
From an analyst’s perspective:
Ralph Lauren Corp [NYSE: RL] stock has seen the most recent analyst activity on February 09, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $195 from $165. Previously, Goldman upgraded its rating to Neutral on December 12, 2023, and elevated its price target to $132. On November 07, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $130 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $135 on September 22, 2023. Guggenheim upgraded its rating to a Buy but $166 remained the price target by the analyst firm on September 18, 2023. BofA Securities upgraded its rating to Buy for this stock on February 13, 2023, and upped its price target to $145. In a note dated January 27, 2023, BMO Capital Markets downgraded an Underperform rating on this stock but restated the target price of $100.
Ralph Lauren Corp experienced fluctuations in its stock price throughout the past year between $103.17 and $190.41. Currently, Wall Street analysts expect the stock to reach $132.83 within the next 12 months. Ralph Lauren Corp [NYSE: RL] shares were valued at $182.99 at the most recent close of the market. An investor can expect a potential drop of -27.41% based on the average RL price forecast.
Analyzing the RL fundamentals
Trailing Twelve Months sales for Ralph Lauren Corp [NYSE:RL] were 6.60B which represents 5.55% growth. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.24 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 181.59 points at the first support level, and at 180.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.30, and for the 2nd resistance point, it is at 185.62.
Ralph Lauren Corp [RL] reported earnings per share of $4.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.54/share, meaning a difference of $0.63 and a surprise factor of 17.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.1 per share as compared to estimates of $1.93 per share, a difference of $0.17 representing a surprise of 8.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ralph Lauren Corp [NYSE:RL] is 2.17. In addition, the Quick Ratio stands at 1.54 and the Cash Ratio stands at 1.07. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 4.55 and price to earnings (TTM) ratio is 20.76.
Transactions by insiders
Recent insider trading involved Lauren Family, L.L.C., 10% Owner, that happened on Mar 04 ’24 when 3.0 million shares were sold. Chief Product Officer, Alagoz Halide completed a deal on Feb 12 ’24 to sell 2115.0 shares. Meanwhile, Chief Product Officer Alagoz Halide sold 2000.0 shares on Dec 14 ’23.
