Ralph Lauren (RL) Earning Somewhat Favorable Press Coverage, Study Shows
Media coverage about Ralph Lauren (NYSE:RL) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ralph Lauren earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 47.6005370231476 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of brokerages have commented on RL. Zacks Investment Research downgraded shares of Ralph Lauren from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Bank of America downgraded shares of Ralph Lauren from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $100.14 to $80.00 in a research note on Wednesday, December 13th. ValuEngine upgraded shares of Ralph Lauren from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Morgan Stanley upped their price target on shares of Ralph Lauren from $83.50 to $91.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. Finally, Barclays assumed coverage on shares of Ralph Lauren in a research report on Tuesday, September 19th. They issued an “underweight” rating and a $84.00 price target for the company. Six research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $88.66.
Shares of Ralph Lauren (NYSE RL) traded up $0.85 on Friday, hitting $106.79. 980,268 shares of the stock traded hands, compared to its average volume of 888,344. Ralph Lauren has a 52-week low of $66.06 and a 52-week high of $106.92. The stock has a market cap of $8,679.36, a PE ratio of 110.09, a PEG ratio of 2.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.09 and a quick ratio of 1.55.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors 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 dividend on an annualized basis and a yield of 1.87%. Ralph Lauren’s payout ratio is 206.19%.
In related news, insider Valerie Hermann sold 2,400 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.22, for a total transaction of $218,928.00. Following the completion of the sale, the insider now owns 35,028 shares of the company’s stock, valued at $3,195,254.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 32.93% 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.
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.