Published On: Tue, Dec 23rd, 2014

Investment Research Firm Morningstar Assigns ‘A’ Credit Rating to Ralph Lauren

 Ralph Lauren

Investment Research Firm Morningstar Assigns “A” Credit Rating to Ralph Lauren

Ralph Lauren Corporation has received an “A” credit rating from investment information company Morningstar. The research firm’s “A” rating suggests that the company is a low default risk. They also gave their stock a two-star rating, Dakota Financial News said on December 22.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company initiated coverage on shares of Ralph Lauren in a research note on Monday, December 15th. They set a “market perform” rating and a $185.00 price target on the stock.

Separately, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Ralph Lauren in a research note on Tuesday, December 9th. They now have a $176.00 price target on the stock, up previously from $164.00.

Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ralph Lauren in a research note on Wednesday, November 26th. They now have a $195.00 price target on the stock, up previously from $180.00.

Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $180.44.

Ralph Lauren opened at 178.82 on Monday. It has a 1-year low of $141.93 and a 1-year high of $185.14. The stock’s 50-day moving average is $177.3 and its 200-day moving average is $165.9. The company has a market cap of $15.683 billion and a P/E ratio of 21.51.

Ralph Lauren last announced its earnings results on Wednesday, October 29th. The company reported $2.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.06 by $0.19. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company posted $2.23 earnings per share. Ralph Lauren’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that Ralph Lauren will post $8.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, January 9th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, December 23rd.

In other Ralph Lauren news, major shareholder Family L.L.C. Lauren sold 50, 000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $179.33, for a total value of $8, 966, 500.00. The sale was disclosed in a filing with the Securities & Exchange Commission. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ralph Lauren is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories, fragrances and home furnishings.

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