Ralph Lauren (NYSE:RL) Price Target Raised to $435.00

Ralph Lauren (NYSE:RL) had its price objective lifted by UBS Group from $421.00 to $435.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price target on Ralph Lauren from $423.00 to $430.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Jefferies Financial Group raised their price objective on Ralph Lauren from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ralph Lauren in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Ralph Lauren in a research report on Tuesday, September 30th. Finally, TD Cowen boosted their price objective on shares of Ralph Lauren from $354.00 to $399.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $347.13.

Ralph Lauren Trading Up 2.2%

Shares of RL traded up $7.04 during trading hours on Friday, reaching $331.72. 71,019 shares of the company traded hands, compared to its average volume of 796,349. Ralph Lauren has a 12 month low of $176.61 and a 12 month high of $341.90. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $318.27 and its two-hundred day moving average price is $291.00. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Ralph Lauren (NYSE:RL) last released its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.34. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.88 billion. Ralph Lauren had a net margin of 10.91% and a return on equity of 33.72%. Ralph Lauren’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 earnings per share. Equities research analysts predict that Ralph Lauren will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.9125 dividend. The ex-dividend date was Friday, September 26th. This represents a $3.65 annualized dividend and a dividend yield of 1.1%. Ralph Lauren’s dividend payout ratio (DPR) is 26.98%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. World Investment Advisors purchased a new stake in shares of Ralph Lauren during the 1st quarter worth about $245,000. Envestnet Asset Management Inc. increased its stake in shares of Ralph Lauren by 8.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 237,479 shares of the textile maker’s stock worth $52,421,000 after purchasing an additional 17,732 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Ralph Lauren by 20.4% during the 1st quarter. TD Private Client Wealth LLC now owns 537 shares of the textile maker’s stock valued at $119,000 after purchasing an additional 91 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Ralph Lauren by 2.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 18,509 shares of the textile maker’s stock valued at $4,101,000 after purchasing an additional 412 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Ralph Lauren by 6.4% in the first quarter. Alps Advisors Inc. now owns 36,395 shares of the textile maker’s stock worth $8,034,000 after purchasing an additional 2,181 shares in the last quarter. Institutional investors and hedge funds own 67.91% of the company’s stock.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.