Ralph Lauren (NYSE:RL) Price Target Raised to $207.00 at Telsey Advisory Group

Ralph Lauren (NYSE:RL) had its price objective upped by Telsey Advisory Group from $195.00 to $207.00 in a research report released on Friday morning, MarketBeat reports. Telsey Advisory Group currently has an outperform rating on the textile maker’s stock.

RL has been the topic of several other research reports. Wells Fargo & Company reduced their target price on shares of Ralph Lauren from $185.00 to $180.00 and set an equal weight rating on the stock in a report on Friday, May 24th. TD Cowen reduced their target price on shares of Ralph Lauren from $196.00 to $193.00 and set a buy rating on the stock in a report on Thursday, August 8th. Guggenheim reaffirmed a buy rating and issued a $200.00 target price on shares of Ralph Lauren in a report on Friday, May 24th. StockNews.com cut shares of Ralph Lauren from a buy rating to a hold rating in a report on Friday, September 6th. Finally, Argus reaffirmed a hold rating on shares of Ralph Lauren in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ralph Lauren presently has a consensus rating of Moderate Buy and an average target price of $186.00.

Ralph Lauren Trading Up 0.3 %

NYSE RL opened at $185.90 on Friday. The firm has a 50 day simple moving average of $170.52 and a 200-day simple moving average of $173.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 2.19. Ralph Lauren has a one year low of $108.60 and a one year high of $192.03. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.49 and a beta of 1.49.

Ralph Lauren (NYSE:RL) last posted its quarterly earnings data on Wednesday, August 7th. The textile maker reported $2.70 EPS for the quarter, beating the consensus estimate of $2.45 by $0.25. Ralph Lauren had a net margin of 10.27% and a return on equity of 28.79%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $2.34 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Ralph Lauren will post 11.23 EPS for the current fiscal year.

Ralph Lauren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, September 27th. This represents a $3.30 dividend on an annualized basis and a yield of 1.78%. Ralph Lauren’s payout ratio is currently 33.95%.

Institutional Trading of Ralph Lauren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new position in Ralph Lauren in the 2nd quarter valued at $30,000. Gladius Capital Management LP purchased a new stake in shares of Ralph Lauren during the 2nd quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new stake in shares of Ralph Lauren during the 1st quarter worth about $42,000. Versant Capital Management Inc grew its holdings in shares of Ralph Lauren by 1,775.0% during the 2nd quarter. Versant Capital Management Inc now owns 225 shares of the textile maker’s stock worth $39,000 after purchasing an additional 213 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ralph Lauren during the 1st quarter worth about $63,000. Institutional investors and hedge funds 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, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.