Telsey Advisory Group maintained an Outperform coverage for Ralph Lauren Corp (NYSE:RL) on May 25, 2023, according to Fintel. As of May 11, 2023, the average one-year price target for the company is $131.54, with a low of $101.00 and a high of $161.70, indicating a potential increase of 21.55% from the recent closing price of $108.22.
The estimated annual revenue of the company is $6,737MM, which is a 4.85% increase, and the estimated annual non-GAAP EPS is 9.16. On March 17, 2023, Ralph Lauren Corp declared a regular quarterly dividend of $0.75 per share ($3.00 annualized), with a dividend yield of 2.77% at the current share price. The company’s dividend yield over the past five years has ranged between 1.44% and 3.57%, with the current yield being 0.79 standard deviations above the historical average.
The payout ratio of Ralph Lauren Corp is 0.38, indicating that 38% of the company’s income is paid out in dividends. The company is expected to pay out most of its income in dividends, with a payout ratio between 0.5 and 1.0, as it has few growth prospects. Going forward, it is expected that the company will retain some earnings to invest in growth prospects, translating to a payout ratio of zero to 0.5.
There are 974 funds or institutions reporting positions in Ralph Lauren Corp. The total shares owned by institutions increased in the last three months by 10.94% to 59,311K shares. The put/call ratio of RL is 2.96, indicating a bearish outlook.
The major shareholders of the company are Ofi Invest Asset Management, Price T Rowe Associates, Victory Capital Management, Jpmorgan Chase, and Invesco.
Based in New York, Ralph Lauren Corporation is a global leader in the design, marketing, and distribution of lifestyle products, including apparel, footwear & accessories, home, fragrances, and hospitality. Its brand names include Ralph Lauren, Polo Ralph Lauren, Double RL, Chaps, and Club Monaco, among others.
Source: Fintel.
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