Ralph Lauren Corporation (NYSE:RL) finished Wednesday with a subtraction of -$1.66 to close at $128.49, a downside of -1.28 percent. An average of 859,600 shares of common stock have been traded in the last five days. There was a fall of -$2.99 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 693,030 shares traded, while the 50-day average volume stands at 931,780.
RL stock has decreased by -1.80% in the last month. The company shares reached their 1-month lowest point of $122.75 on 07/17/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $82.23 and a high of $135.76 in 52 weeks. It has reached a new high 18 times so far this year and achieved 21.60% or $22.82 in price. In spite of this, the price is down -5.35% from the 52-week high.
Insider Transactions
RL stock investors should be aware that Ralph Lauren Corporation (RL) stock had its last reported insider trading activity 31 days ago on Jul 10. In this transaction, the insider spent $1,159,000. President and CEO, Louvet Patrice, disposed of 18,500 shares at a price of $125.00 on Jan 23. The insider now owns more than $2,312,500 worth of shares. Prior to that, President and CEO Louvet Patrice went on to Sale 18,500 shares at $120.00 each on Jan 18. An amount of $2,220,000 was transacted.
Valuation Metrics
Ralph Lauren Corporation (RL) has a trailing price-to-earnings (P/E) ratio of 16.94. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.31, the price-to-book (PB) ratio at 3.50.
The company has a payout ratio of 38.90%. The company’s most recent quarterly dividend payment was $0.75 a share, without any change from last year. Its latest increase dividend $0.0625 reported on Tuesday May 24 2022.
Financial Health
The quick ratio of Ralph Lauren Corporation for the three months ended March 30 was 1.50, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.60 and a total debt to equity ratio of 0.61 for the quarter ending March 30. Ralph Lauren Corporation’s EBITDA margin for the year ending March 30 is 15.01%, while its operating margin for the same period stands at 10.90%. Its gross profit as reported stood at $4.17 billion compared to revenue of $6.44 billion.
Earnings Surprise
For the three-month period that ended March 30, Ralph Lauren Corporation had $36.4 million in cash and short-term investments compared to $1.14 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $32.3 million in the quarter, while revenues of $216.5 million were grew 24.46%. The analyst consensus anticipated Ralph Lauren Corporation’s latest quarter earnings to come in at $0.61 per share, but it turned out to be $0.9, a 47.50% surprise. For the quarter, EBITDA amounted to $97.4 million. Shareholders own equity worth $65.41 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ralph Lauren Corporation (RL) price momentum. RSI 9-day as of the close on 09 August was 46.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.36%.
As of today, RL’s price is $130.84 -2.27% or -$2.99 from its 5-day moving average. RL is currently trading -0.70% lower than its 20-day SMA and +14.54% higher than its 100-day SMA. However, the stock’s current price level is +13.95% above the SMA50 and +43.24% above the SMA200.
The stochastic %K and %D were 43.43% and 56.47%, respectively, and the average true range (ATR) was 3.00. With the 14-day stochastic at 27.50% and the average true range at 2.96, the RSI (14) stands at 52.31%. The stock has reached -0.64 on the 9-day MACD Oscillator while the 14-day reading was at 0.51.
Analyst Ratings
BofA Securities upgraded Ralph Lauren Corporation (NYSE: RL) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Ralph Lauren Corporation (RL) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell RL, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.
What is RL’s price target for the next 12 months?
Analysts predict a range of price targets between $100.00 and $169.00, with a median target of $139.00. Taking a look at these predictions, the average price target given by analysts for Ralph Lauren Corporation (RL) stock is $136.07.
