Ralph Lauren (NYSE:RL) Price Target Raised to $335.00

Ralph Lauren (NYSE:RL) had its price target upped by UBS Group from $315.00 to $335.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

RL has been the topic of a number of other reports. Wells Fargo & Company boosted their price target on Ralph Lauren from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Guggenheim increased their target price on Ralph Lauren from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. StockNews.com raised Ralph Lauren from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Telsey Advisory Group reissued an “outperform” rating and set a $207.00 price objective on shares of Ralph Lauren in a research report on Thursday, November 7th. Finally, Cfra set a $171.00 price objective on shares of Ralph Lauren in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.91.

Ralph Lauren Stock Down 0.3 %

RL stock opened at $256.68 on Monday. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.18 and a current ratio of 1.72. The business’s 50 day moving average price is $233.93 and its two-hundred day moving average price is $201.85. Ralph Lauren has a fifty-two week low of $142.26 and a fifty-two week high of $260.77.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, November 7th. The textile maker reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.11. Ralph Lauren had a net margin of 10.15% and a return on equity of 29.44%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the business earned $2.10 EPS. Ralph Lauren’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Ralph Lauren will post 11.75 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were paid a $0.825 dividend. The ex-dividend date was Friday, December 27th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.29%. Ralph Lauren’s dividend payout ratio is presently 31.46%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RL. Huntington National Bank raised its stake in Ralph Lauren by 86.6% during the 3rd quarter. Huntington National Bank now owns 222 shares of the textile maker’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Ralph Lauren by 8,933.3% in the third quarter. True Wealth Design LLC now owns 271 shares of the textile maker’s stock worth $53,000 after acquiring an additional 268 shares during the period. AM Squared Ltd purchased a new stake in Ralph Lauren during the third quarter valued at $58,000. Quent Capital LLC lifted its holdings in Ralph Lauren by 181.7% in the third quarter. Quent Capital LLC now owns 400 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 258 shares during the period. Finally, Versant Capital Management Inc boosted its position in Ralph Lauren by 333.3% in the fourth quarter. Versant Capital Management Inc now owns 351 shares of the textile maker’s stock worth $81,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

About Ralph Lauren

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.